$1288.1-$1291.4 In Way Of Return To......>

GOLD TECHS: $1288.1-$1291.4 In Way Of Return To The Year's High

*RES 4: $1315.7 76.4% Fibo of $1375.4-$1122.6

*RES 3: $1296.1 Jun 6 high

*RES 2: $1291.4 One month bull channel top projectio

*RES 1: $1288.1 1.618 swing of $1274.2-$1251.7

*PRICE: $1284.6 @1620GMT

*SUP 1: $1274.2 Aug 1 high, now support

*SUP 2: $1265.3 Aug 8 high, now support

*SUP 3: $1260.1 Aug 9 low

*SUP 4: $1251.1/2.1 76.4% of $1243.9-$1274.2, Jul 27 low

*COMMENTARY* Found support from within the important area situated between the

Jul 27 low at $1252.1 and the 76.4% Fibo retrace level at $1251.1. The

subsequent bounce has now moved through the 76.4% Fibo retrace level at $1274.6.

Initial support meanwhile rises to that level, with $1265.3-$1260.1 below, ahead

of that still important $1251.1 level. Maintained break above $1274.6 and

$1288.1-$1291.4 next, ahead of the year's $1296.1 high.