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$1242.4-1252.7 Support Remains Key.......>

GOLD TECHS
GOLD TECHS: $1242.4-1252.7 Support Remains Key
*RES 4: $1295.9 - 2017 High June 6 
*RES 3: $1280.8 - High June 14 
*RES 2: $1266.5 - High June 15 
*RES 1: $1265.2 - Bollinger band top
*PRICE: $1259.6 @ 2130GMT
*SUP 1: $1252.7 - Hourly resistance July 25 now support 
*SUP 2: $1242.4 - Alternating hourly support/resistance 
*SUP 3: $1235.2 - Hourly support July 18 
*SUP 4: $1234.7 - 21-DMA
*COMMENTARY: Bears failed to capitalise on the dip Wednesday with the gold
finding support ahead of $1242.4 and resulting in a close above the $1258.8
resistance that sees immediate focus ton $1280.8 and overall focus on tests of
2017 highs. The Bollinger top is the key concern and currently caps. Layers of
support are building with bears needing a close below $1252.7 to ease bullish
pressure and below $1242.4 to shift focus lower.

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