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Lacking Upside Momentum *RES 4:..........>

GOLD TECHS: Lacking Upside Momentum
*RES 4: $1266.0 - High July 9 
*RES 3: $1235.2 - High July 26 
*RES 2: $1214.4 - High Aug 28 
*RES 1: $1206.6 - 55-dma 
*PRICE: $1196.6 @ 06:38 GMT 
*SUP 1: $1183.2 - Low Aug 24 
*SUP 2: $1160.4 - Low Aug 16 
*SUP 3: $1150.0 - Support 
*SUP 4: $1122.9 - Low December 15 2017 
Gold continues to trade sideways within its month-long range with gains capped
from above by the 55-dma, currently at $1206.6. Bulls need a break above this
level to shift the short-term outlook bullish and open up the July 26 high,
suggesting a bottoming pattern is playing out. Bears need a push back below the
Aug 24 low at $1183.2 which is the last line of defense before the Aug 16 low at

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