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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: $1295.9 - 2017 High June 6 
*RES 3: $1282.8 - Bollinger band top 
*RES 2: $1280.8 - High June 14 
*RES 1: $1274.0 - High Aug 1
*PRICE: $1268.3 @ 2130GMT
*SUP 1: $1264.4 - Hourly resistance Aug 3 now support 
*SUP 2: $1257.2 - Low Aug 3 
*SUP 3: $1257.0 - Low July 28 
*SUP 4: $1253.3 - 100-DMA
*COMMENTARY: Despite daily studies remaining O/B and looking for a correction
bulls take comfort in the recovery from a dip back towards layers of support
$1243.4-1257.0 where key DMAs and bull channel base ($1250.6) are situated.
Bulls continue to look for a close above $1280.8 to reconfirm the bullish bias
and initially target 2017 highs. Bears now need a close below $1264.4 to gain
breathing room and hint at a dip back to $1257.0.

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