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January 12, 2018 02:34 GMT
$1302.5-1315.4 Support Key *RES 4:.......>
GOLD TECHS
GOLD TECHS: $1302.5-1315.4 Support Key
*RES 4: $1367.3 - Monthly High Aug 2 2016
*RES 3: $1357.5 - 2017 High Sept 8
*RES 2: $1334.8 - High Sept 13
*RES 1: $1326.6 - 2018 High Jan 10
*PRICE: $1325.7 @ 0250GMT
*SUP 1: $1315.4 - Low Jan 11
*SUP 2: $1305.9 - Low Jan 4
*SUP 3: $1302.5 - Low Jan 2
*SUP 4: $1293.5 - Low Dec 29
*COMMENTARY: Bulls take comfort in pressure returning to recent 2018 highs and
remain focused on tests of $1357.5-1374.9 where 2016 & 2017 highs are situated.
O/B daily studies remain the key concern for bulls. Initial support is noted at
Thursday's low with bears now needing a close below to ease pressure on initial
resistance and below $1302.5 to shift focus back to $1273.6-1292.3 where key
DMAs are noted.
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