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Above $1332.6 To Ease Bearish Pressure...>

GOLD TECHS
GOLD TECHS: Above $1332.6 To Ease Bearish Pressure
*RES 4: $1352.3 - High Jan 29 
*RES 3: $1339.0 - Hourly support Feb 6 now resistance 
*RES 2: $1332.6 - High Feb 7 
*RES 1: $1326.2 - High Feb 12
*PRICE: $1323.8 @ 0530GMT
*SUP 1: $1316.5 - Hourly support Feb 12 
*SUP 2: $1314.1 - Low Feb 12 
*SUP 3: $1305.9 - Low Jan 4 
*SUP 4: $1303.6 - 55-DMA
*COMMENTARY: The correction from 2018 highs saw a dip back towards
$1302.5-1305.9 where the 55-DMA is located only to bounce aggressively which is
less than ideal for bears. Bulls still need a close above $1332.6 to shift focus
back to 2018 highs and above $1374.9 to confirm focus on $1391.8-1433.3. Bears
need a close below the 55-DMA to add weight the case for a test of the 200-DMA
($1281.3).

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