Bullish Outlook Remains Intact *RES 4:...>

GOLD TECHS: Bullish Outlook Remains Intact

*RES 4: $1800.0 - Round number resistance

*RES 3: $1796.1 - High Oct 2012 and a major resistance

*RES 2: $1795.3 - 1.236 projection of the Jun 5 - 11 rally from Jun 15 low

*RES 1: $1779.5 - High Jun 24 and the bull trigger

*PRICE: $1770.2 @ 06:53 BST Jun 30

*SUP 1: $1747.6 - High Jun 26

*SUP 2: $1721.8 - Low Jun 19

*SUP 3: $1704.2 - Low Jun 15 and key support

*SUP 4: $1671.0 - Low May 1

Gold is unchanged and remains bullish. The yellow metal traded higher last week

and confirmed a breach of former resistance at $1765.4, May 18 high. The break

higher confirmed a resumption of the underlying uptrend that has been in place

since mid-Mar and sets the scene for a price appreciation towards levels last

traded in 2012. The next objective is $1796.1, Oct 2012 high. On the downside,

initial support lies at $1747.6, Jun 15 low.