Bullish Focus Intact *RES 4: $1770.1 -...>

GOLD TECHS: Bullish Focus Intact

*RES 4: $1770.1 - 1.236 projection of the Nov - Mar rally from Mar 16 low

*RES 3: $1765.4 - High May 18 and the bull trigger

*RES 2: $1754.0 - High May 20

*RES 1: $1744.7 - High Jun 1

*PRICE: $1724.8 @ 07:01 BST Jun 3

*SUP 1: $1712.5 - Low May 29

*SUP 2: $1694.3 - Low May 27 and key support

*SUP 3: $1692.0 - Low May 11

*SUP 4: $1690.8 - 50-day EMA

Gold traded lower yesterday but maintains a bullish tone. The yellow metal

bounced off the day low on May 27 defining a key S/T support at $1694.3.

Furthermore, May 27 price action in candle terms was a doji and signalled the

end of the correction lower between May 18 - 27. The subsequent recovery

confirms the pattern and price appears set to climb higher with attention on

$1765.43, May 18 high. A bullish outlook remains in place while $1694.3 holds.