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21-DMA Caps, Bears Need Close Below......>

GOLD TECHS
GOLD TECHS: 21-DMA Caps, Bears Need Close Below 100-WMA
*RES 4: $1318.5 - 55-DMA 
*RES 3: $1310.5 - Low May 10 now resistance 
*RES 2: $1307.4 - 200-DMA 
*RES 1: $1299.0 - 21-DMA
*PRICE: $1297.3 @ 0430GMT
*SUP 1: $1287.4 - Low May 22 
*SUP 2: $1281.8 - 2018 Low May 21 
*SUP 3: $1280.6 - Bollinger band base 
*SUP 4: $1276.4 - 100-WMA
*COMMENTARY: The 21-DMA is now capping attempts to rally with the 200-DMA just
above. Bulls need a close above $1310.5 to confirm breaks of 21 & 200-DMAs and
shift initial focus to $1318.5-1326.6 where 55 & 100-DMAs & the 21-WMA are
noted. Bears continue to look for a close below the 100-WMA to target
$1233.4-1234.3 where the 200-WMA and LT TL off late Dec 2015 lows are found.

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