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PRECIOUS METALS: TECHS: Gold and Silver are bullish:
- The yellow metal has confirmed a clear breakout of the triangle formation it
has been trading within the past few weeks.
- The break signals a resumption of the underlying uptrend and attention shifts
to resistance at $1739.3, Apr 23 high and the key resistance at $1747.4, the Apr
14 trend high.
- Clearance of the latter would confirm a resumption of the uptrend.
- Support to watch for now is at $1692.0. Initial support is at $1711.2.
- Silver is rallying and has today traded through key resistance at $15.989, Apr
10 high.
- The break higher confirms a resumption of the uptrend and clears the way for
$16.395, Feb 28 low and a former breakout level.
- Note too that the $16.530 area marks the base of a former broad range. A break
above this level would further reinforce bullish conditions.
- $15.788 is initial support, yesterday's low. 
- See Silver chart:

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