Bears Focused On 200-WMA *RES 4:.........>

GOLD TECHS: Bears Focused On 200-WMA

*RES 4: $1284.1 - High June 19 

*RES 3: $1274.4 - 100-WMA 

*RES 2: $1272.5 - High June 25 

*RES 1: $1262.7 - Hourly support June 26 now resistance

*PRICE: $1255.8 @ 0430GMT

*SUP 1: $1249.9 - Low Dec 14 

*SUP 2: $1237.6 - LT Rising TL off 2015 Low 

*SUP 3: $1235.9 - Monthly low Dec 12 

*SUP 4: $1233.9 - 200-WMA

*COMMENTARY: Fresh 2018 & 7mth lows add weight to the bearish case targeting

tests of the 200-WMA and LT rising TL of 2015 lows around $1237.6. The Bollinger

base ($1253.9) and O/S daily studies looking to correct are noted as key concern

for bears. Bulls continue to look for a close above the 100-WMA to gain

breathing room and above $1292.1 to return pressure to $1303.1-1310.5.