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Uptrend Support Gives Way *RES 4:........>

GOLD TECHS
GOLD TECHS: Uptrend Support Gives Way
*RES 4: $1326.0 - High May 11 
*RES 3: $1300.0 - Pivot area 
*RES 2: $1266.9 - 200-dma 
*RES 1: $1243.5 - High Oct 26 
*PRICE: $1219.5 @ 06:15 GMT 
*SUP 1: $1212.0 - Low Oct 31 
*SUP 2: $1209.7 - 55-dma 
*SUP 3: $1180.9 - Sep 28 
*SUP 4: $1160.4 - Low Aug 16 
Gold has broken below up trendline support from the Oct 10 lows, giving bears
the upper hand to target the Oct 31 low at $1212. Below here would open the
55-dma at $1209.7, below which the broader downtrend would resume. On the
upside, bulls would need to see a break above the Oct 26 high at $1243.5 to
trigger renewed upside momentum and target the 200-dma at $1266.9.

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