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Bounces From Ahead of 21-DMA/Channel.....>

GOLD TECHS
GOLD TECHS: Bounces From Ahead of 21-DMA/Channel Base
*RES 4: $1299.9 - Daily Bull channel top 
*RES 3: $1295.9 - 2017 High June 6 
*RES 2: $1290.7 - Bollinger band top 
*RES 1: $1285.9 - Hourly resistance Aug 14
*PRICE: $1282.5 @ 2130GMT
*SUP 1: $1277.7 - Alternating hourly support/resistance 
*SUP 2: $1267.5 - Low Aug 15 
*SUP 3: $1265.5 - Daily Bull channel base 
*SUP 4: $1265.0 - 21-DMA
*COMMENTARY: Bears failed to capitalise further on the correction lower from
ahead of 2017 highs with gold finding support ahead of the daily bull channel
base and 21-DMA. The close above $1277.7 sees bulls gain breathing room but a
close above 2017 highs is now needed to reconfirm the bullish bias. Initial
support is noted at $1277.7 with bears needing a close below to ease bullish
pressure and return focus to $1265.0-1265.5.

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