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$1295.1 Support Holds And Protects.......>

GOLD TECHS
GOLD TECHS: $1295.1 Support Holds And Protects Against Deeper Correction
*RES 4: $1352.8 Sep 6 high
*RES 3: $1337.6 Nov 9 high
*RES 2: $1326.2 Aug 29 high
*RES 1: $1323.7 Aug 31 high
*PRICE: $1318.5 @1110GMT
*SUP 1: $1308.2 Hourly support
*SUP 2: $1303.5 Hourly base Aug 31
*SUP 3: $1297.3 Aug 31 low
*SUP 4: $1295.1 Aug 25 high, now support
*COMMENTARY* The pullback from the week's earlier $1326.2 high reached $1297.3
on Thursday, keeping support from the Aug 25 high at $1295.1 intact. This for
the time being keeps recent momentum with the upside. Have subsequently seen a
recovery to $1323.7 but back above that previous $1326.2 high is required,
before looking to extend gains towards $1337.6-$1352.8 next. Meanwhile, support
rises to $1308.2-$1303.5 ahead of that $1297.3-$1295.1 region again.

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