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Bulls Need Close Above $1267.2 *RES 4:...>

GOLD TECHS
GOLD TECHS: Bulls Need Close Above $1267.2
*RES 4: $1295.9 - 2017 High June 6 
*RES 3: $1280.8 - High June 14 
*RES 2: $1274.0 - High Aug 1 
*RES 1: $1267.2 - Hourly support Aug 3 & 4 now resistance
*PRICE: $1264.8 @ 0430GMT
*SUP 1: $1258.9 - Alternating hourly support/resistance 
*SUP 2: $1251.6 - 21-DMA 
*SUP 3: $1243.6 - Low July 27 
*SUP 4: $1235.5 - Low July 20
*COMMENTARY: Bears managed a dip below key DMAs Tuesday but follow through has
been lacking with support emerging ahead of the 21-DMA. Correcting O/B studies
remain a concern for bulls. The $1267.2 resistance is key today with bulls
needing a close above to negate Tuesday's dip and return focus to
$1274.0-1280.8. Above $1280.8 is needed to target 2017 highs. Bears need a close
below $1243.6 to shift focus to the 200-DMA ($1229.2).

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