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Bears Now Focused On $1302.5-1305.6......>

GOLD TECHS
GOLD TECHS: Bears Now Focused On $1302.5-1305.6
*RES 4: $1367.3 - Monthly High Aug 2 2016 
*RES 3: $1359.7 - Hourly support Jan 25 now resistance 
*RES 2: $1352.3 - High Jan 29 
*RES 1: $1338.6 - High Feb 5
*PRICE: $1334.9 @ 2030GMT
*SUP 1: $1327.1 - Low Feb 2 
*SUP 2: $1323.7 - Low Jan 18 
*SUP 3: $1315.4 - Low Jan 11 
*SUP 4: $1305.9 - Low Jan 4
*COMMENTARY: The failure to break back above $1352.3 last week left gold looking
heavy and resulted in marginal closes below the 21-DMA ($1335.4) adding weight
to the case for a test of $1302.5-1305.6. Layers of resistance are accumulating
and weighing with bulls needing a close above $1252.3 to regain the upper hand
and above $1374.9 to confirm focus on $1391.8-1433.3.

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