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

GOLD TECHS
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.

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