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Uptrend Remains Intact: - The yellow.....>

GOLD TECHS
GOLD TECHS: Uptrend Remains Intact:
- The yellow metal traded higher Tuesday, this time confirming a break of former
resistance at $1765.4, the key May 18 trend high.
- The breach confirms a resumption of the underlying uptrend that has been in
place since mid-Mar.
- It sets the scene for a price appreciation towards levels last traded in 2012.
The next objective is $1796.1, Oct 2012 high.
- On the downside, firm support lies at $1704.2, Jun 15 low. Initial support
though is at $1744.7, Jun 11 low.

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