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Uptrend Resumes *RES 4: $1800.0 -........>

GOLD TECHS
GOLD TECHS: Uptrend Resumes
*RES 4: $1800.0 - Round number resistance
*RES 3: $1796.1 - High Oct 2012 and a major resistance
*RES 2: $1777.9 - 1.236 projection of the Jun 5 - 11 rally off the Jun 15 low
*RES 1: $1774.7 - High Jun 23
*PRICE: $1770.1 @ 07:00 BST Jun 24
*SUP 1: $1744.7 - High Jun 11
*SUP 2: $1721.8 - Low Jun 19
*SUP 3: $1704.2 - Low Jun 15 and key near-term support
*SUP 4: $1671.0 - Low May 1 and key support
Gold is bullish. The yellow metal traded higher again yesterday, this time
confirming a break of former resistance at $1765.4, the key May 18 trend high.
The breach of this level confirms a resumption of the underlying uptrend that
has been in place since mid-Mar. The break higher 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.

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