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Lacking Topside Follow Through *RES 4:...>

GOLD TECHS
GOLD TECHS: Lacking Topside Follow Through
*RES 4: $1433.3 - Monthly High Aug 28 2013 
*RES 3: $1391.8 - 2014 High Mar 17 
*RES 2: $1374.9 - 2016 High July 6 2016 
*RES 1: $1367.3 - Monthly High Aug 2 2016
*PRICE: $1349.3 @ 2030GMT
*SUP 1: $1339.2 - Low Jan 24 
*SUP 2: $1331.2 - Low Jan 23 
*SUP 3: $1324.5 - 21-DMA 
*SUP 4: $1321.2 - Hourly support Jan 12
*COMMENTARY: The recovery from the mid Jan correction has resulted in fresh 2018
& 18mth highs with immediate bullish focus currently on 2016 highs and a close
above then targeting $1391.8-1433.3. The lack of topside follow through is a
concern when combined with modestly O/B studies. Bears now look for a close
below $1344.5 to ease bullish pressure and hint at a correction back to the
21-DMA.

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