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$1357.7 Break opens Way To...............>

GOLD TECHS
GOLD TECHS: $1357.7 Break opens Way To $1367.3-$1380.3 Next
*RES 4: $1401.2 13 month bull channel top projection
*RES 3: $1380.3 38.2% Fibo of $1920.5-$1046.4
*RES 2: $1375.4 July 2016 high
*RES 1: $1367.3 Aug 1 high
*PRICE: $1364.0 @0443GMT
*SUP 1: $1349.0 Hourly support
*SUP 2: $1344.8 Jan 15 high, now support
*SUP 3: $1339.6 Jan 24 low
*SUP 4: $1333.2 Jan 18 high, now support
*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. The subsequent break through
$1337.1 the next upside boost, as we make our way back through the Sep 4 high at
$1357.7. This sees $1367.3-$1375.4 as next resistance ahead of the 38.2% Fibo at
$1380.3. Support rising too, $1349.0-$1344.8 now the nearest of note.

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