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Approaching $1200 *RES 4: $1228.6 -......>

GOLD TECHS
GOLD TECHS: Approaching $1200
*RES 4: $1228.6 - High July 31
*RES 3: $1217.1 - High Aug 10
*RES 2: $1205.77 - 21-DMA
*RES 1: $1198.8 - High Aug 14
*PRICE: $1195.48 @ 03:33 GMT
*SUP 1: $1160.4 - low Aug 16
*SUP 2: $1150.0 - Support
*SUP 3: $1122.9 - Low December 15 2017
*SUP 4: $1077.4 - Low July 24 2015
Gold continues to post higher highs as the recovery builds momentum following
last Thursday's crash. The key 21-dma resistance level at $1205.77 is now firmly
in sight, a break above here would shift the outlook bullish and suggest a
reversal pattern is in play, opening up a run at the July 31 high. Bears need to
break below $1160.40 to keep the focus to the downside and target $1122.90.

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