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US 10YR FUTURE TECHS

(Z1)‌‌ Bearish Follow Through

GOLD TECHS
GOLD TECHS: Still Trading Within A Triangle
*RES 4: $1747.4 - High Apr 15 and bull trigger
*RES 3: $1739.3 - High Apr 27
*RES 2: $1729.1 - High Apr 30
*RES 1: $1723.1 - High May 8
*PRICE: $1706.8 @ 07:01 BST May 11
*SUP 1: $1700.0 - Pivotal round number support
*SUP 2: $1670.7 - Low May 1
*SUP 3: $1659.6 - Low Apr 21 and key support
*SUP 4: $1658.6 - 50-day EMA
Gold last week managed to hold above support at $1670.7, May 1 low and more
importantly above the key support at $1659.6, Apr 21 low. Note, the yellow metal
continues to trade within a triangle formation that has developed on the daily
chart. This is a bullish pattern and reinforces the current uptrend. Attention
is on $1739.3, Apr 23 high and the key bull trigger at $1747.4, Apr 14 high. A
break below $1670.7 would be a concern for bulls.