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Aug 16 Lows Back In Focus *RES 4:........>

GOLD TECHS: Aug 16 Lows Back In Focus
*RES 4: $1266.0 - High July 9 
*RES 3: $1235.2 - High July 26 
*RES 2: $1214.4 - High Aug 28 
*RES 1: $1205.2 - 55-dma 
*PRICE: $1196.6 @ 06:38 GMT 
*SUP 1: $1160.4 - Low Aug 16 
*SUP 2: $1122.9 - Low December 15 2016
*SUP 3: $1100.0 - Support 
*SUP 4: $1046.4 - Low December 3 2015  
Gold took out its Aug 24 low yesterday and remains below it today as the Aug 16
low comes into focus at$1160.4. A break below here would strengthen the
long-term downtrend and target the Dec 2016 low at $1122.9. Bulls need a break
above the 55-dma to shift the short-term outlook bullish and open up the July 26

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