Bears Need Close Below $1313.7 *RES 4:...>

GOLD TECHS: Bears Need Close Below $1313.7

*RES 4: $1350.5 - Hourly support Sept 8 now resistance 

*RES 3: $1342.1 - Hourly support Sept 8 now resistance A 

*RES 2: $1334.8 - High Sept 13 

*RES 1: $1328.3 - Hourly resistance Sept 15

*PRICE: $1317.9 @ 0430GMT

*SUP 1: $1317.4 - 21-DMA 

*SUP 2: $1315.5 - Hourly support Sept 14 

*SUP 3: $1313.7 - High Aug 30 now support 

*SUP 4: $1304.9 - Hourly support Aug 31

*COMMENTARY: Bulls took comfort in the bounce from the 21-DMA Thursday but

pressure returning to this level is less than ideal. Daily studies have

corrected back to more neutral levels with bulls now needing a close above

$1334.8 to gain breathing room and above $1342.1 to shift initial focus to tests

of $1375.2 2016 highs. Bears now need a close below $1313.7 to confirm a break

of the 21-DMA and below $1295.5 to target the 55-DMA ($1277.5).