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Bears Now Need Close Below $1294.4.......>

GOLD TECHS
GOLD TECHS: Bears Now Need Close Below $1294.4
*RES 4: $1334.8 - High Sept 13 
*RES 3: $1328.3 - Hourly resistance Sept 15 
*RES 2: $1320.0 - High Sept 18 
*RES 1: $1310.2 - Hourly support Sept 18 now resistance
*PRICE: $1307.7 @ 0430GMT
*SUP 1: $1304.6 - Low Sept 18 
*SUP 2: $1298.4 - Low Aug 31 
*SUP 3: $1294.4 - High Aug 25 now support 
*SUP 4: $1278.8 - 55-DMA
*COMMENTARY: Pressure on the 21-DMA ($1317.55) has taken its toll with a close
below that sees bears firmly focused on $1294.4. Bears need a close below this
level to confirm focus on 55 & 100-DMAs ($1266.1-1278.8). Daily studies are well
placed for a fresh leg lower. Bulls now need a close above $1320.0 to ease
bearish pressure and above $1342.1 to shift focus back to 2017 highs and the
bull channel top ($1358.3).

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