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Still Rangebound *RES 4: $1365.2 -.......>

GOLD TECHS: Still Rangebound
*RES 4: $1365.2 - High April 11 
*RES 3: $1309.4 - High June 14 
*RES 2: $1300.0 - Pivot area 
*RES 1: $1295.0 - Triangle top  
*PRICE: $1292.3 @ 06:17 GMT Jan 16 
*SUP 1: $1276.7 - Low Jan 4 
*SUP 2: $1248.0 - 200-dma 
*SUP 3: $1241.8 - Low Dec 19 
*SUP 4: $1225.0 - Up trendline support from Aug low 
Gold continues to trade in a contracting range with triangle top resistance
coming in at $1295. A break above here would trigger a continuation pattern,
targeting the $1300 pivot area initially ahead of a return to the June 14 highs
at $1309.4. Key support sits at the Jan 4 low at $1276.7. Below here would raise
the chances of a bearish reversal, opening the 200-dma at $1248.8.

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