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Another Down Leg Looming *RES 4:.........>

GOLD TECHS
GOLD TECHS: Another Down Leg Looming
*RES 4: $1266.0 - High July 9 
*RES 3: $1235.2 - High July 26 
*RES 2: $1217.6 - 55-DMA 
*RES 1: $1214.4 - High Aug 28 
*PRICE: $1193.89 @ 05:29 GMT 
*SUP 1: $1183.2 - Low Aug 24 
*SUP 2: $1160.4 - Low Aug 16 
*SUP 3: $1150.0 - Support 
*SUP 4: $1122.9 - Low December 15 2017 
Gold remains under pressure with a potential triple-top formation threatening to
usher in another down leg for the metal. The neckline is currently being tested
and a break below here would target the Aug 16 low at $1160.4. Below here
resumes the broader decline. Bulls need to recover the Aug 28 high at $1214.4,
above which would suggest a base is forming.

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