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Below $1267.5 To Shift Focus Lower.......>

GOLD TECHS
GOLD TECHS: Below $1267.5 To Shift Focus Lower
*RES 4: $1306.6 - Daily Bull channel top 
*RES 3: $1300.8 - 2017 High Aug 18 
*RES 2: $1293.4 - Bollinger band top 
*RES 1: $1292.0 - Alternating hourly support/resistance
*PRICE: $1284.4 @ 2130GMT
*SUP 1: $1281.1 - Low Aug 17 
*SUP 2: $1277.7 - Alternating hourly support/resistance 
*SUP 3: $1272.2 - Daily Bull channel base 
*SUP 4: $1267.5 - Low Aug 15
*COMMENTARY: Fresh 2017 and 10mth highs Friday lacked follow through with gold
looking a little heavy to end the week. The Bollinger band top continues to
limit follow through and remains a concern for bulls. Initial resistance is
noted at $1292.0 with bulls needing a close above to gain breathing room and
retain focus on $1306.6-1337.4. Bears need a close below $1277.7 to ease bullish
pressure and return initial focus to $1267.5-1272.2.

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