$1307.3 Loss Opens Way To................>

GOLD TECHS: $1307.3 Loss Opens Way To $1302.2-$1301.4 Next

*RES 4: $1336.8 Base of broken 9 week bull channel

*RES 3: $1332.8 Apr 24 high

*RES 2: $1325.0 Apr 30 high

*RES 1: $1315.4 Apr 26 low, now resistance

*PRICE: $1310.6 @0932GMT

*SUP 1: $1301.4/2.2 50% Fibo of $1236.6-$1366.2, Jan 1 low

*SUP 2: $1299.3 Nov 27 high, now support

*SUP 3: $1286.1 61.8% Fibo of $1236.6-$1366.2

*SUP 4: $1280.1 Rising Weekly support line from Dec 2016

*COMMENTARY* Last week saw a break below the 8 week bull channel, at $1336.8

today, following the failure to reclaim levels back above the year's $1366.2

high earlier in the month. Further loss of the 61.8% Fibo retrace level at

$1326.7, opens the way for a continued fall and with $1307.3 also going

yesterday, suggests a test of the year's $1302.2 low and 50% Fibo level at

$1301.4. In the meantime, $1315.4-$1325.0 presents initial resistance.