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

GOLD TECHS
GOLD TECHS: Bullish Tone 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: $1740.3 - High May 22
*PRICE: $1743.2 @ 07:07 BST Jun 1
*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: $1688.8 - 50-day EMA
Gold is firm. The yellow metal bounced off the day low on May 27 defining a key
S/T support at $1694.3. Furthermore, the May 27 price action in candle terms was
a doji formation and signalled a reversal to bullish ending the correction lower
between May 18 - 27. The subsequent recovery confirms the pattern and price
appears set to climb higher with attention on key resistance $1765.43, May 18
high. A bullish outlook remains in place while $1694.3 holds.

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