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

GOLD TECHS
GOLD TECHS: Bullish Pennant Remains Intact
*RES 4: $1365.2 - High April 11 
*RES 3: $1317.6 - 76.4% of 2018 range 1366.15-1160.39 
*RES 2: $1309.4 - High June 14 
*RES 1: $1300.0 - Pivot area 
*PRICE: $1291.9 @ 05:58 GMT Jan 14 
*SUP 1: $1276.7 - Low Jan 4 
*SUP 2: $1248.8 - 200-dma 
*SUP 3: $1241.8 - Low Dec 19 
*SUP 4: $1225.0 - Up trendline support from Aug low 
Gold continues to trade in a pennant formation just shy of the $1300 pivot area
and a break above here would likely catapult prices higher towards the Jun 14
high & 76.4% retracement at $1309.40/1317.59. Key support sits at the Jan 4 low
at $1276.7. Below here would raise the chances of a bearish reversal, opening
the 200-dma at $1248.8.

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