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$1243.8-1258.2 Support Key *RES 4:.......>

GOLD TECHS
GOLD TECHS: $1243.8-1258.2 Support Key
*RES 4: $1280.8 - High June 14 
*RES 3: $1274.0 - High Aug 1 
*RES 2: $1267.2 - Hourly support Aug 3 & 4 now resistance 
*RES 1: $1264.4 - Alternating hourly support/resistance
*PRICE: $1260.0 @ 0430GMT
*SUP 1: $1258.2 - Daily Bull channel base 
*SUP 2: $1253.8 - 100-DMA 
*SUP 3: $1252.0 - 55-DMA 
*SUP 4: $1249.2 - 21-DMA
*COMMENTARY: Daily studies looking to correct from O/B and hesitation ahead of
the key $1280.8 resistance have taken their toll with a sell-off and bearish
close Friday that sees pressure on layers of support $1243.8-1258.2. Bears need
a close below $1243.8 to confirm a break of key supports and to see immediate
focus return to the 200-DMA ($1229.4). Bulls need a close above $1264.4 to gain
breathing room and above $1280.8 to target 2017 highs.

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