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Bulls Need A Close above $1200 *RES 4:...>

GOLD TECHS
GOLD TECHS: Bulls Need A Close above $1200
*RES 4: $1266.0 - High July 9 
*RES 3: $1235.2 - High July 26 
*RES 2: $1221.4 - 55-DMA 
*RES 1: $1214.4 - High Aug 28
*PRICE: $1198.44 @ 05:28 GMT 
*SUP 1: $1183.2 - Low Aug 24 
*SUP 2: $1160.4 - Low Aug 16 
*SUP 3: $1150.0 - Support 
*SUP 4: $1122.9 - Low December 15 2017 
Gold continues to struggle to overcome its 21-dma on a sustained basis and bulls
require a close above the $1200 level to prevent a resumption of the bearish
trend. A break above the Aug 28 high is needed to shift the short-term outlook
positive and target the 55-dma. A close below $1200 would give bears the
momentum to retest the Aug 16 multi-year lows and resume the metal's long-term
downtrend.

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