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Breaking Below Key $1286.6-$1286.1.......>

GOLD TECHS
GOLD TECHS: Breaking Below Key $1286.6-$1286.1 Support
*RES 4: $1326.0 May 11 high
*RES 3: $1314.9 May 15 high
*RES 2: $1301.7 May 1 low, now resistance
*RES 1: $1298.9 Hourly resistance
*PRICE: $1289.4 @1605GMT
*SUP 1: $1282.2 Intraday low
*SUP 2: $1267.2 76.4% Fibo of $1236.6-$1366.2
*SUP 3: $1261.5 Equality fall from $1326.0 to $1366.2-$1301.7
*SUP 4: $1252.8 Dec 18 low
*COMMENTARY* Losing support from the key $1286.6-$1286.1 area today. This the
rising support line from the December 2016 lows and the 61.8% Fibo retrace level
of this year's $1236.6-$1366.2 rise. If this can be sustained, then there is not
much to stop an eventual $1267.2, perhaps a lower $1261.5 fall. In the meantime,
$1298.9 currently provides initial resistance of note, ahead of the May 1 low at
$1301.7. Will need back above here for near term respite.

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