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Gold trades above its bull channel top...>

GOLD TECHS
GOLD TECHS: Gold trades above its bull channel top
*RES 4: $1500.0 - Psychological round number
*RES 3: $1483.8 - 50% retracement of the Sep 2011-Dec 2015 decline
*RES 2: $1433.8 - High Aug 2013
*RES 1: $1412.1 - High Jun 21
*PRICE: $1405.2 @ 07:07 BST Jun 24
*SUP 1: $1382.3 - Low Jun 21
*SUP 2: $1357.8 - Low Jun 20
*SUP 3: $1338.7 - Low Jun 18
*SUP 4: $1332.4 - Low Jun 13
Gold starts off the week on a bullish note following last weeks sharp gains. The
yellow metal is looking to extend gains above the bull channel resistance today
at $1395.40. While the uptrend remains intact, it would not be a surprise if
activity settles down given the fact that the yellow metal has arrived at the
top of its bull channel and recent gains have been impulsive. That said, overall
the outlook remains bullish and $1412.08 marks the next bull trigger.

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