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Above The 21-DMA To Shift Focus Higher...>

GOLD TECHS
GOLD TECHS: Above The 21-DMA To Shift Focus Higher
*RES 4: $1342.1 - Hourly support Sept 8 now resistance A 
*RES 3: $1334.8 - High Sept 13 
*RES 2: $1320.1 - 21-DMA 
*RES 1: $1316.0 - High Sept 20
*PRICE: $1312.9 @ 0430GMT
*SUP 1: $1304.6 - Alternating daily support/resistance 
*SUP 2: $1298.8 - High Sept 22 now support 
*SUP 3: $1288.0 - Low Sept 21 
*SUP 4: $1286.4 - 55-DMA
*COMMENTARY: Failure to capitalise on the close below $1294.4 resulted in a
correction Monday and an easing of bearish pressure. Focus now shifts to the
21-DMA ($1220.1) with bulls needing a close above to shift immediate focus to
$1334.8-1342.1 and overall focus to 2017 highs. Layers of support are
accumulating with bears now needing a close below $1298.8 to return pressure to
the 55-DMA.

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