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Pullback Extends *RES 4: $1360.0 -.......>

GOLD TECHS
GOLD TECHS: Pullback Extends
*RES 4: $1360.0 - Downtrend resistance from July 11 high 
*RES 3: $1359.0 - Channel top 
*RES 2: $1346.8 - High Feb 20 
*RES 1: $1330.0 - High Feb 27 
*PRICE: $1313.3 @ 04:43 GMT Mar 1  
*SUP 1: $1302.5 - Low Feb 14 
*SUP 2: $1301.5 - 50-dma 
*SUP 3: $1298.6 - High Jan 4, now support 
*SUP 4: $1276.8 - Low Jan 21 
Gold's pullback extended yesterday as downside momentum builds ahead of the key
$1300 area. Bears target the Feb 14 low at $1302.5 and the 50-dma, below which
would suggest a deeper pullback towards the Jan 4 high at $1298.6 and the Jan 21
low at $1276.8. Bulls need to recover Wednesday's high at $1330.0 to shift the
near term outlook neutral while a break above the Feb 20 high at $1346.8 would
reignite upside momentum. Above here would bring the channel top into play.

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