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GOLD TECHS: Gold Rally Building.........>

COMMODITIES
COMMODITIES: GOLD TECHS: Gold Rally Building Momentum
*RES 3: $1309.4 - High June 14
*RES 2: $1300.0 - Pivot area
*RES 1: $1287.55 - 61.8% of 2018 range
*PRICE: $1282.88 @ 10:57 GMT Dec 31
*SUP 1: $1273.75 - Broken channel top, now support
*SUP 2: $1266.0 - High July 9
*SUP 3: $1250.74 - 200-dma
*SUP 4: $1241.82 - Low Dec 19
*SUP 5: $1225.46 - Up trendline support from Aug low
Having witnessed a bullish breakout on Friday, Gold extended the rally above
$1283 to post its highest levels in 6-months. The 61.8% retracement of 2018
range provides the next layer of resistance at $1287.55, above here would see
bulls target a break of the key $1300 level. Bears need to clear the 200-dma at
$1250.74 to change the short-term outlook, opening the Dec 19 low at $1241.82.

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