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Gold Technical Analysis

The $1244.6-1251.6 support region confirmed significance Friday with

The 21-DMA confirmed its significance on a close basis with the dip below

The 3326.4 support continues to provide a base for bounces but

The $1244.6-1251.6 support region confirmed significance Friday with

The rally Friday saw a close above the channel top and the first close above

Failure of Stoxx50 to retest the 2015 high following Thursday’s bounce combined

After recently looking heavy gold broke the channel base and

The channel top continues to cap rallies with H15 trading at fresh 2015 and

Gold is starting to look heavy with recent failures to retake the $1299.7

The channel top continues to cap rallies with H15 trading at fresh 2015 and

The significance of the 3332.5 support was confirmed Wednesday with

Bulls are taking some comfort in the bounce following the dip below