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$1340.0 Break Suggests Scope To Retest...>

GOLD TECHS
GOLD TECHS: $1340.0 Break Suggests Scope To Retest $1357.7
*RES 4: $1380.3 38.2% Fibo of $1920.5-$1046.4
*RES 3: $1375.4 July 2016 high
*RES 2: $1367.3 Aug 1 high
*RES 1: $1357.7 Sep 4 high
*PRICE: $1349.1 @0955GMT
*SUP 1: $1338.2 Hourly support
*SUP 2: $1328.5 Jan 22 low
*SUP 3: $1324.3 Jan 18 low
*SUP 4: $1315.8 Jan 11 low
*COMMENTARY* The move above the 76.4% Fibo retrace level at $1284.5 gave the
upside the impetus it required. This makes the $1357.7-$1236.6 fall seen from
last September look like a three wave correction. We have held above $1305.9
support over the last few weeks. The subsequent break through $1337.1 the next
upside boost, as we make our way back towards the Sep 4 high at $1357.7. Support
rising along the way too, $1338.2-$1328.5 now the nearest of note.
Energy BulletsCommodities
Energy BulletsCommodities

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