Attempting A Bullish Break *RES 4:.......>

GOLD TECHS: Attempting A Bullish Break

*RES 4: $1235.2 - High July 26 

*RES 3: $1228.6 - High July 31 

*RES 2: $1223.8 - 21-DMA 

*RES 1: $1215.8 - High August 7 

*PRICE: $1213.5 @ 07000GMT 

*SUP 1: $1206.4 - Low August 6 

*SUP 2: $1204.6 - Low August 3 

*SUP 3: $1195.1 - Low March 10 2017 

*SUP 4: $1180.7 - Low January 21 2017 

The yellow metal is attempting to break bullishly out of its increasingly tired

downtrend, with a close above the August 7 high of $1215.8 leaving the 21-DMA at

$1223.8 exposed. A break above here would shift the outlook bullish. For the

bears, a break below the $1208.6 is needed to target the August 3 low at

$1204.6. Below here would pave the way for a run at the March 10, 2017 lows and

likely beyond.