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Through Resistance

GOLD TECHS

Gold is pushing higher post NFP and importantly has breached near-term resistance at $1770.5, Oct 4 high.

  • This opens the 50-day EMA at $1778.8 and potentially $1787.4, Sep 22 and key resistance.
  • The break higher today reinforces the bullish engulfing candle that signalled a reversal on Sep 30.
  • Initial support is at $1746.0, Oct 6 low.

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