Bullish theme intact *RES 4: $1617.1 -...>

GOLD TECHS: Bullish theme intact

*RES 4: $1617.1 - High Apr 2013

*RES 3: $1600.0 - Psychological round number

*RES 2: $1587.0 - 61.8% retracement of the 2011 to 2015 decline

*RES 1: $1535.1 - High Aug 13

*PRICE: $1503.6 @ 07:30 BST Aug 21

*SUP 1: $1479.7 - Low Aug 13

*SUP 2: $1471.4 - Low Aug 7

*SUP 3: $1453.1 - High Jul 19

*SUP 4: $1439.6 - Trendline support drawn off the May 30 low

Gold maintains its broader bullish outlook. However the risk for a short-term

correction lower has increased. Key support lies at $1479.7 where a break is

required to signal scope for a deeper pullback. This would open up scope for a

move towards $1453.1. On the upside, the bull trigger remains $1535.1 where a

break would resume the uptrend for $1587.0, the 61.8% retracement of the 2011 to

2015 decline.