Bears Focused On 200-WMA, Bulls Need.....>

GOLD TECHS: Bears Focused On 200-WMA, Bulls Need Close Above 100-WMA

*RES 4: $1292.1 - Low June 13 now resistance 

*RES 3: $1286.2 - Hourly resistance June 15 

*RES 2: $1284.1 - High June 19 

*RES 1: $1274.5 - 100-WMA

*PRICE: $1268.4 @ 0430GMT

*SUP 1: $1258.9 - Low Dec 19 

*SUP 2: $1249.9 - Low Dec 14 

*SUP 3: $1237.6 - LT Rising TL off 2015 Low 

*SUP 4: $1234.1 - 200-WMA

*COMMENTARY: Fresh 2018 & 7mth lows defined last week with the weekly close

below the 100-WMA adding significant weight to the case for a test of the

200-WMA and LT rising TL of 2015 lows. The lack of follow through Thursday is a

concern for bears with the Bollinger base ($1264.1) proving problematic. Bulls

now need a close above the 100-WMA to gain breathing room and above $1292.1 to

return pressure to $1303.1-1310.5.