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Above $1280.8 To Reconfirm Focus on......>

GOLD TECHS
GOLD TECHS: Above $1280.8 To Reconfirm Focus on 2017 High
*RES 4: $1282.0 - Bollinger band top 
*RES 3: $1280.8 - High June 14 
*RES 2: $1274.0 - High Aug 1 
*RES 1: $1265.8 - Hourly support Aug 2 now resistance
*PRICE: $1263.1 @ 0250GMT
*SUP 1: $1257.2 - Hourly support Aug 3 
*SUP 2: $1257.0 - Low July 28 
*SUP 3: $1252.9 - 100-DMA 
*SUP 4: $1251.9 - 55-DMA
*COMMENTARY: Topside hesitation combined with daily studies looking to correct
from O/B and waning momentum are hinting at a test of key support layers
$1241.4-1252.9 where key DMAs and the bull channel base are situated. Layers of
resistance are accumulating with bulls needing a close above $1265.8 to gain
breathing room and above $1280.8 to reconfirm a bullish bias targeting 2017
highs.

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