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Bears Need Close Below $1270.0 *RES 4:...>

GOLD TECHS
GOLD TECHS: Bears Need Close Below $1270.0
*RES 4: $1295.9 - 2017 High June 6 
*RES 3: $1295.5 - Daily Bull channel top 
*RES 2: $1290.3 - Bollinger band top 
*RES 1: $1285.9 - Hourly resistance Aug 14
*PRICE: $1282.0 @ 2130GMT
*SUP 1: $1277.7 - Hourly support Aug 10a 
*SUP 2: $1270.0 - Hourly support Aug 9 
*SUP 3: $1263.4 - Hourly support Aug 9a 
*SUP 4: $1261.3 - 21-DMA
*COMMENTARY: Support emerging ahead of the 21-DMA Tuesday provided the base for
a move that has taken out $1280.8 with immediate focus now on 2017 highs. Layers
of support remain with bears needing a close below $1270.0 to confirm an easing
of bullish pressure and to shift focus back to $1253.9-1261.3 where key DMAs and
the daily bull channel base are situated. The Bollinger top currently limits
follow through.

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