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Rejected At Resistance *RES 4:..........>

GOLD TECHS: Rejected At Resistance 
*RES 4: $1365.2 - High April 11 
*RES 3: $1309.4 - High June 14 
*RES 2: $1300.0 - Pivot area 
*RES 1: $1295.1 - Triangle top 
*PRICE: $1292.7 @ 06:03 GMT Jan 13 
*SUP 1: $1276.7 - Low Jan 4 
*SUP 2: $1247.8 - 200-dma 
*SUP 3: $1241.8 - Low Dec 19 
*SUP 4: $1225.0 - Up trendline support from Aug low 
Gold met with selling pressure at its triangle top yesterday at $1295.1, which
keeps the near term outlook neutral and allows bears to target range lows at
$1276.7 seen on Jan 4. Below here would raise the chances of a bearish reversal,
opening the 200-dma at $1247.8. Bulls need a break above $1295.1 to trigger a
continuation pattern, targeting the $1300 pivot area initially ahead of a return
to the June 14 highs at $1309.4. 

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