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Targeting Down Trendline Resistance......>

GOLD TECHS
GOLD TECHS: Targeting Down Trendline Resistance
*RES 4: $1346.8 - High Feb 20 
*RES 3: $1324.6 - High Mar 25 
*RES 2: $1312.3 - High Mar 28
*RES 1: $1310.7/1311.7 - High Apr 10/Downtrend resistance from Feb highs 
*PRICE: $1306.8 @ 05:57 GMT Apr 11 
*SUP 1: $1281.0/1280.9 - Low Apr 3/Low March 7 
*SUP 2: $1276.8 - Low Jan 21/38.2% retracement 
*SUP 3: $1253.6 - 50% retracement 
*SUP 4: $1250.1 - 200-dma 
Gold extended gains above its 50-dma yesterday to bring down trendline
resistance from the Feb highs into focus at $1311.7, just above yesterday's
high. A break is needed to open the the March 28 high at $1312.3 ahead of the
March 25 high at $1324.6. Bears look for a close below the $1281.0/1280.9 April
3/March 7 lows to suggest further downside to the Low Jan 21/38.2% retracement
at $1281.0/1280.9.

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