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

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.