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Bullish But Overbought *RES 4: $1921.1...>

GOLD TECHS
GOLD TECHS: Bullish But Overbought
*RES 4: $1921.1 - Sep 2001 all-time high the Jun 5 - 11 rally from Jun 15 low
*RES 3: $1908.0 - 2.764 projection of
*RES 2: $1900.0 - Psychological round number
*RES 1: $1898.3 - Jul 23 high
*PRICE: $1885.1 @ 07:00 BST Jul 24
*SUP 1: $1863.8 - Low Jul 23
*SUP 2: $1841.2 - Low Jul 22
*SUP 3: $1815.8 - Low Jul 21
*SUP 4: $1809.0 - 20-day EMA
Gold maintains a bullish tone. The metal extended gains yesterday and traded
just short of the psychological $1900.00 handle. Attention is on the all-time
high of $1921.2, Sep, 2011 high. This week's strong impulsive gains have
reinforced the underlying bullish sentiment in the metal although it is worth
noting that trend conditions are in quite an extreme overbought condition.
Initial support to watch lies at $1863.80, yesterday's low.

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