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Below 21-DMA Targets $1302.5-1305.6......>

GOLD TECHS: Below 21-DMA Targets $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: $1348.9 - High Jan 30
*PRICE: $1339.5 @ 2030GMT
*SUP 1: $1331.2 - Low Jan 23, 21-DMA 
*SUP 2: $1323.7 - Low Jan 18 
*SUP 3: $1315.4 - Low Jan 11 
*SUP 4: $1305.9 - Low Jan 4
*COMMENTARY: The lack of topside follow through on last week's 2018 high remains
a concern for bulls and leaves gold looking a little heavy. Daily studies
correcting are weighing. Bears need a close below the 21-DMA to shift initial
focus to $1302.5-1305.6. Initial resistance is noted at $1348.9 but bulls need a
close above $1352.3 to gain breathing room and above $1374.9 to confirm focus on
$ $1391.8-1433.3.

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