Breakout *RES 4: $1503.5 - Upper trend...>

GOLD TECHS: Breakout

*RES 4: $1503.5 - Upper trend channel on monthly chart

*RES 3: $1494.8 - Up trendline resistance on weekly chart

*RES 2: $1483.8 - 50% retracement of the Sep 2011-Dec 2015 decline

*RES 1: $1469.0 - 150% retracement of the 2018 declines

*PRICE: $1456.6 @ 08:05 BST Aug 5

*SUP 1: $1453.1 - Jul 19 high (previous resistance)

*SUP 2: $1430.5 - Aug 2 low

*SUP 3: $1400.2 - Low Jul 17

*SUP 4: $1381.9 - Low Jul 1 and key support

Gold has broken above the key bull trigger level of the July 19 high at $1453.09

and focus now turns to $1483.80. This marks the 50% retracement of the September

2011- December 2015 decline. Ahead of here lies the 150% retracement of the 2018

declines at $1469.0. The 50-dma has also broken back above the 100-dma for the

first time this year, reinforcing the bullish outlook. Bears need to close back

below the previous resistance at $1453.1 to initially reduce bullish momentum.