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Stalled At Yesterday's High

GOLD TECHS
  • RES 4: $2030.0 - High Aug 11 and key resistance
  • RES 3: $2025.4 - 76.4% retracement of the Aug 7 - 12 sell-off
  • RES 2: $2015.7 - High Aug 18 and key near-term resistance
  • RES 1: $1992.5 - High Sep 1
  • PRICE: $1943.3 @ 07:12 BST Sep 17
  • SUP 1: $1906.7 - Low Sep 8
  • SUP 2: $1902.9 - Low Aug 26 and key near-term support
  • SUP 3: $1863.2 - Low Aug 12 and the reversal trigger
  • SUP 4: $1841.2 - Low Jul 22

Gold stalled at yesterday's high of $1973.6. The yellow metal continues to trade below a key resistance at $1992.5, the Sep 1 high. A break of this hurdle is required to highlight a stronger bullish outlook that would initially expose $2015.7, the Aug 18 high. On the downside, losses through $1906.7 and $1902.9, Aug 26 low would instead be bearish and expose the key support at $1863.2, Aug 12 low.

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