$1262.7-1272.7 Resistance Key Today......>

GOLD TECHS: $1262.7-1272.7 Resistance Key Today

*RES 4: $1286.2 - Hourly resistance June 15 

*RES 3: $1284.1 - High June 19 

*RES 2: $1272.7 - 100-WMA 

*RES 1: $1262.7 - Hourly support June 26 now resistance

*PRICE: $1258.6 @ 0430GMT

*SUP 1: $1250.7 - Low July 4 

*SUP 2: $1244.1 - Hourly support July 3 

*SUP 3: $1237.3 - 2018 Low July 3 

*SUP 4: $1235.9 - Monthly low Dec 12

*COMMENTARY: Fresh 2018 & 7mth lows lacked follow through Tuesday with an

aggressive bounce from below the LT rising TL off 2015 lows and ahead of the key

200-WMA ($1234.0). Bears look for a close below the 200-WMA to confirm breaks of

key supports and initially target $1204.5. Bulls need a close above $1262.7 to

return pressure to $1272.7 where the 100-WMA is noted. Correcting O/S studies

are a concern for bears.