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GOLD TECHS
  • RES 4: $1998.4 - High Apr 18, 2022
  • RES 3: $1982.0 - High Apr 19, 2022
  • RES 2: $1963.0 - 76.4% retracement of the Mar - Sep 2022 bear leg
  • RES 1: $1949.2 - Intraday high
  • PRICE: $1940.9 @ 07:13 GMT Jan 26
  • SUP 1: $1896.7/90.0 - Low Jan 12 / 20-day EMA
  • SUP 2: $1825.2 - Low Jan 5 and key near-term support
  • SUP 3: $1797.1 - Low Dec 28
  • SUP 4: $1774.0 - Low Dec 15

Trend conditions in Gold remain bullish and the yellow metal is higher again today. This confirms an extension of the uptrend and maintains the price sequence of higher highs and higher lows. Moving average studies remain in a bull mode position - reflecting the uptrend. The focus is on $1963.0 next, a Fibonacci retracement. Support to watch lies at $1890.0, the 20-day EMA. Short-term pullbacks are considered corrective.

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