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June Exports Miss, Electronic Exports Fall, Lagging Other Parts Of Asia

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Highest Level Since 2013 Reached *RES....>

GOLD TECHS
GOLD TECHS: Highest Level Since 2013 Reached
*RES 4: $1640.8 - High Jun 6, 2012
*RES 3: $1620.1 - High Feb 26 2013
*RES 2: $1616.9 - 1.236 projection of the Jan 14 - Feb 3 rally from Feb 5 low
*RES 1: $1611.4 - High Jan 8 and key resistance
*PRICE: $1609.9 @ 08:28 GMT Feb 20
*SUP 1: $1592.1 - High Feb 3 and former resistance
*SUP 2: $1587.0 - 61.8% retracement of 2011 to 2015 decline
*SUP 3: $1573.2 - Low Feb 14
*SUP 4: $1561.9 - Low Feb 12 and key near-term support
Gold has finally convincingly broken through the 61.8% retracement of the 2011
to 2015 decline and rose above the years highs yesterday to hit its highest
level since 2013. The RSI is approaching 70 but continues to trend higher and as
such focus is on the next key resistance at the high of June 6 2012 at $1640.8.
On the downside, we would need to see a breach of $1561.9, Feb 12 low to
reinstate a bearish threat.
Energy BulletsCommodities
Energy BulletsCommodities

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