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TECHS: Gold also maintains a bullish....>

COMMODITIES
COMMODITIES: TECHS: Gold also maintains a bullish tone:
- Last week's key technical break was a move out of the triangle formation the
yellow metal had been trading within during the past few weeks.
- Importantly, the break has resulted in a move above $1747.4, Apr 14 high and
confirms a resumption of the underlying uptrend.
- This opens $1770.1, a Fibonacci retracement level and $1781.0, the mid Oct
2012 high ahead of the Psychological $1800.00 level. Firm support lies at
$1718.50 the former triangle resistance-now-support. (2/2)
See gold chart:
- https://marketnews-m.objects.xtenit.com/XAU_Curncy_19.05.jpg
See oil charts:
- https://marketnews-m.objects.xtenit.com/CON0_Comdty_19.05.jpg
- https://marketnews-m.objects.xtenit.com/CLN0_Comdty_19.05.jpg

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