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50-day EMA Holds For Now *RES 4:.........>

GOLD TECHS
GOLD TECHS: 50-day EMA Holds For Now
*RES 4: $1765.4 - High May 18 and the bull trigger
*RES 3: $1754.0 - High May 20
*RES 2: $1745.4 - High Jun 2
*RES 1: $1732.3 - High Jun 3
*PRICE: $1712.0 @ 06:53 BST Jun 5
*SUP 1: $1689.6 - Low Jun 3
*SUP 2: $1676.8 - Low May 7
*SUP 3: $1670.7 - Low May 1
*SUP 4: $1659.6 - Low Apr 21 and key support
Gold traded sharply lower Wednesday and managed to probe key near-term support
at $1694.31, May 27 low. The print below this support threatens the recent
bullish theme and suggests the risk for a deeper pullback has increased. A break
of Wednesday's $1689.6 low would open $1676.8, May 7 low and $1670.7, May 1 low.
Note the yellow metal has tested the 50-day EMA at $1692.53. If the average
holds, this would be encouraging for bulls.

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