$1288.1-$1293.6 Now In Way Of Return.....>

GOLD TECHS: $1288.1-$1293.6 Now 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: $1293.6 One month bull channel top projection

*RES 1: $1288.1/89.1 1.618 swing $1274.2-$1251.7. i'day high

*PRICE: $1287.9 @0950GMT

*SUP 1: $1280.3 Hourly support

*SUP 2: $1274.2 Aug 1 high, now support

*SUP 3: $1265.3 Aug 8 high, now support

*SUP 4: $1260.1 Aug 9 low

*COMMENTARY* Rally has continued again today, now reaching and slightly breaking

above the swing target at $1288.1. A high of $1289.1 so far, with the near term

bull channel projection at $1293.6, then all that bars the way to the year's

previous $1296.1 high. As a result, nearest support rises to $1280.3, with the

Aug 1 high at $1274.4, currently of more importance below. A sustained break

above $1296.1 and the 76.4% Fibo retrace level at $1315.7 comes back into view.