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Still Consolidating For Now *RES 4:......>

GOLD TECHS
GOLD TECHS: Still Consolidating For Now
*RES 4: $1557.3 - Trend high Sep 4
*RES 3: $1535.8 - High Sep 24
*RES 2: $1519.8 - High Oct 3
*RES 1: $1505.0 - Channel resistance drawn off Sep 4 high
*PRICE: $1485.0 @ 06:57 BST Oct 22
*SUP 1: $1473.9 - Low Oct 11
*SUP 2: $1459.0 - Low Oct 1 and bear trigger
*SUP 3: $1445.8 - 38.2% retracement of Apr 24 - Sep 4 rally
*SUP 4: $1430.3 - Low Aug 2
Gold remains unchanged as the yellow metal consolidates. Price has most recently
pulled away from the bear channel top drawn off the Sep 4 high. The top
intersects at $1505.0 today. The condition for a stronger recovery and, to
extend the rally off the Oct low remains a channel breakout. This would expose
$1535.8 and the trend high at $1557.3. Attention for now is on the downside and
$1473.9 support, Oct 11 low. A break would open $1459.0.

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