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Still In A Range And Consolidating.......>

GOLD TECHS
GOLD TECHS: Still In A Range And Consolidating
*RES 4: $1572.2 - 1.618 projection of Oct 1 - Oct 3 rally from Oct 11 low
*RES 3: $1557.3 - Trend high Sep 4
*RES 2: $1535.8 - High Sep 24
*RES 1:$1519.8 - High Oct 3 and key near-term resistance
*PRICE: $1511.0 @ 06:38 GMT Nov 4
*SUP 1: $1481.0 - Low Oct 30
*SUP 2: $1473.9 - Low Oct 11
*SUP 3: $1459.0 - Low Oct 1 and bear trigger
*SUP 4: $1436.8 - Low Aug 5
Gold attention is on the next key resistance of $1519.8, Oct 3 high where a
break this week is needed to reinstate a bullish outlook. A breach would open
$1535.8, Sep 24 high as the first objective. For bears, a failure ahead of
$1519.8 would resume the recent focus on support at $1473.9, Oct 11 low.
Clearance of this level would in turn highlight the resumption of a bearish
theme and open primary support at $1459.0. Until then, consolidation dominates.

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