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Above 200-DMA To Shift Focus Higher......>

GOLD TECHS
GOLD TECHS: Above 200-DMA To Shift Focus Higher
*RES 4: $1310.5 - Low May 10 now resistance 
*RES 3: $1306.8 - 200-DMA 
*RES 2: $1301.5 - Low May 1 now resistance 
*RES 1: $1296.9 - High May 16
*PRICE: $1289.5 @ 0300GMT
*SUP 1: $1285.4 - 2018 Low May 17 
*SUP 2: $1277.5 - 100-WMA 
*SUP 3: $1268.9 - High Dec 21 
*SUP 4: $1234.3 - 200-WMA
*COMMENTARY: Fresh 2018 lows defined last week with closes below 55 & 200-WMAs
adding weight to the bearish case and immediate focus on $1268.9-1277.5 where
the 100-WMA is situated. Layers of resistance have been left in the wake with
bulls now needing a close above the $1301.5 to gain breathing room and above the
200-DMA to hint at a correction to $1324.4-1332.6.

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