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Neckline Resistance Remains Intact.......>

GOLD TECHS
GOLD TECHS: Neckline Resistance Remains Intact
*RES 4: $1312.3 - High Mar 28 
*RES 3: $1310.7 - High Apr 10 
*RES 2: $1298.0 - Downtrend resistance from Feb highs 
*RES 1: $1279.9 - High Apr 22
*PRICE: $1270.7 @ 06:11 GMT Apr 24 
*SUP 1: $1266.3 - Low Apr 23
*SUP 2: $1251.6/1249.6 - 200-dma/High Dec 10 
*SUP 3: $1243.5 - High Oct 26 
*SUP 4: $1231.6/1233.0 - 61.8% retracement/Low Dec 14 
Gold has seen renewed downside since failing to recover broken neckline
resistance on Monday. Bears now look to take out yesterday's low at $1266.3 to
build downside momentum toward the 200-dma/Dec 10 high at $1251.6/1249.6. Bulls
need to break back above Monday's high at $1279.9 to improve the outlook and
target downtrend resistance at $1298.0.

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