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21-DMA Under Pressure Again *RES 4:......>

GOLD TECHS
GOLD TECHS: 21-DMA Under Pressure Again
*RES 4: $1266.0 - High July 9 
*RES 3: $1235.2 - High July 26 
*RES 2: $1228.6 - High July 31 
*RES 1: $1217.1 - High Aug 10 
*PRICE: $1199.7.6 @ 05:03 GMT 
*SUP 1: $1198.7 - 21-DMA 
*SUP 2: $1160.4 - Low Aug 16 
*SUP 3: $1150.0 - Support 
*SUP 4: $1122.9 - Low December 15 2017 
The failure to break above the Aug 10 high of $1217.1 last week has seen
weakness resume with the 21-dma facing serious downside pressure. Below here
brings into question the rally from the Aug 16 lows. Bulls need to hold this
level and clear the Aug 10 highs to cement the recovery and target the July 31
high of $1228.6. 

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