$1341.3 Break Suggests Scope For.........>

GOLD TECHS: $1341.3 Break Suggests Scope For Return Toward Range Top

*RES 4: $1375.4 Jul 8 2016 high

*RES 3: $1366.2 Jan 25 high

*RES 2: $1356.9 Mar 27 high

*RES 1: $1348.3 Apr 4 high

*PRICE: $1343.6 @0925GMT

*SUP 1: $1335.6 Apr 6 high, now support

*SUP 2: $1329.3 Hourly support

*SUP 3: $1327.0 Apr 9 low

*SUP 4: $1319.7 Apr 6 low

*COMMENTARY* $1315.6 support was protected by the earlier $1319.7 level last

Friday. The subsequent rise has since moved back above pivotal $1341.3

resistance. This suggests scope to once again investigate the top of the recent

range, $1348.3 now the bar to a $1356.9 return. As a result, support moves up to

$1335.6, loss would concern again, suggesting the time is not yet right for

further strength. This would see $1329.3-$1327.0 come back under pressure.