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55-DMA Approaching *RES 4: $1266.0 -.....>

GOLD TECHS
GOLD TECHS: 55-DMA Approaching
*RES 4: $1266.0 - High July 9 
*RES 3: $1235.2 - High July 26 
*RES 2: $1214.4 - High Aug 28 
*RES 1: $1212.3 - 55-DMA 
*PRICE: $1202.2 @ 06:08 GMT 
*SUP 1: $1183.2 - Low Aug 24 
*SUP 2: $1160.4 - Low Aug 16 
*SUP 3: $1150.0 - Support 
*SUP 4: $1122.9 - Low December 15 2017 
Gold's break back above $1200 returns the focus to the 55-dma at $1212.3, which
is rapidly approaching. A break above here would shift the short-term outlook
bullish and open up the July 26 high, suggesting a bottoming pattern is playing
out. To return the short-term focus to the downside, bears need a push back
below the Aug 24 low at $1183.2 which is the last line of defense before the Aug
16 low at $1160.4.

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