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Bulls Focused On 2017 High *RES 4:.......>

GOLD TECHS
GOLD TECHS: Bulls Focused On 2017 High
*RES 4: $1304.4 - Daily Bull channel top 
*RES 3: $1295.9 - 2017 High June 6 
*RES 2: $1292.7 - Bollinger band top 
*RES 1: $1292.0 - High Aug 11
*PRICE: $1287.5 @ 0245GMT
*SUP 1: $1281.1 - Low Aug 17 
*SUP 2: $1277.7 - Alternating hourly support/resistance 
*SUP 3: $1270.0 - Daily Bull channel base 
*SUP 4: $1267.5 - Low Aug 15
*COMMENTARY: Bears failed to capitalise further on the correction lower from
ahead of 2017 highs with gold finding support ahead of the daily bull channel
base and 21-DMA ($1269.3). The close above $1277.7 saw bulls gain breathing room
but a close above 2017 highs is needed to reconfirm the bullish bias. Bears need
a close below $1277.7 to ease bullish pressure and return initial focus to
$1267.2-1270.0.

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