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55-DMA Support Key *RES 4: $1295.9 -.....>

GOLD TECHS
GOLD TECHS: 55-DMA Support Key
*RES 4: $1295.9 - 2017 High June 6 
*RES 3: $1289.2 - Bollinger band top 
*RES 2: $1285.9 - Hourly resistance Aug 14 
*RES 1: $1277.7 - Hourly support Aug 10a now resistance
*PRICE: $1273.6 @ 0240GMT
*SUP 1: $1267.5 - Low Aug 15 
*SUP 2: $1265.5 - Daily Bull channel base 
*SUP 3: $1264.3 - 21-DMA 
*SUP 4: $1253.9 - 55-DMA
*COMMENTARY: Gold is looking a little heavy as support layers give way with
bearish focus now on layers of support $1253.9-1265.5 where 21, 55 & 100-DMAs
and the bull channel base ($1265.5) are located. The $1277.7 resistance is now
key with bulls needing a close above to gain breathing room. A close above 2017
highs remains needed to reconfirm a bullish bias and target $1337.4 Nov monthly
highs.

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