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Maintains A Bullish Tone: - The yellow...>

GOLD TECHS
GOLD TECHS: Maintains A Bullish Tone:
- The yellow metal traded higher Friday and extended the climb during the Asia
session.
- The recovery off the Jun 5 low of $1671.0 is the current dominant directional
cycle and with resistance at $1745.4, Jun 2 high cleared, attention turns to
$1765.4, the key May 18 trend high. _ A breach of $1765.40 would open $1796.1m
the Oct 2012 high and the psychological $1800.0 level.
- Key support and the bear trigger lies at $1671.0. A break would reinstate a
S/T bearish threat. Initial firm support though is at $1704.2, Jun 15 low.

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