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Rally Losing Steam *RES 4: $1300.0 -.....>

GOLD TECHS
GOLD TECHS: Rally Losing Steam
*RES 4: $1300.0 - Pivot area 
*RES 3: $1270.0 - Trend channel top 
*RES 2: $1266.0 - High July 9 
*RES 1: $1253.8 - 200-dma 
*PRICE: $1243.3 @ 06:15 GMT Dec 17
*SUP 1: $1220.0 - Up trendline from Aug low 
*SUP 2: $1196.3 - Low Nov 13 
*SUP 3: $1180.9 - Low Sep 28 
*SUP 4: $1160.4 - Low Aug 16 
Gold's pullback remains corrective above up trendline support from the Aug lows,
but to reignite upside momentum we would need to see a close back above the
$1250 level and the 200-dma at $1253.8. A break above here is needed to open the
July 9 high at $1266.0 ahead of the trend channel top at $1270.0. Bears need to
break below up trendline support from the August low which comes in at $1220.0.
Below here would reignite bearish momentum and open a run at the Nov 13 lows.

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