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55-DMA Resistance Holds Firm *RES 4:....>

GOLD TECHS
GOLD TECHS: 55-DMA Resistance Holds Firm 
*RES 4: $1235.2 - High July 26 
*RES 3: $1214.4 - High Aug 28 
*RES 2: $1211.1 - High Sep 21 
*RES 1: $1202.9 - 55-dma 
*PRICE: $1197.2 @ 06:21 GMT 
*SUP 1: $1180.9 - Sep 28
*SUP 2: $1160.4 - Low Aug 16 
*SUP 3: $1122.9 - Low December 15 2016 
*SUP 4: $1100.0 - Support 
Gold failed to close above its 55-dma yesterday which keeps the outlook neutral.
Bulls need to close above the 55-dma at $1202.9 to challenge the Sep 21 high at
$1211.1. A break above here and the Aug 28 just above it would signal a
potential bottoming pattern. Bears now need to break back below the Sep 28 low
of $1180.9 before targeting the Aug 16 lows at $1160.4. 

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