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Bulls Need Close Above $1310.5 *RES 4:...>

GOLD TECHS
GOLD TECHS: Bulls Need Close Above $1310.5
*RES 4: $1326.2 - 100-DMA 
*RES 3: $1321.9 - 55-DMA 
*RES 2: $1310.5 - Low May 10 now resistance 
*RES 1: $1307.1 - 200-DMA
*PRICE: $1302.5 @ 0300GMT
*SUP 1: $1297.8 - High May 23 now support 
*SUP 2: $1287.4 - Low May 22 
*SUP 3: $1281.8 - 2018 Low May 21 
*SUP 4: $1277.6 - 100-WMA
*COMMENTARY: The lack of follow through on recent 2018 lows combined with O/S
studies has provided the impetus for a bounce that sees gold pressuring the
200-DMA. Bulls need a close above $1310.5 to confirm breaks of 21 & 200-DMAs and
shift initial focus to $1321.9-1326.2 where 55 & 100-DMAs are noted. Bears now
need a close below $1297.8 to ease pressure on the 200-DMA and return immediate
focus to 2018 lows.

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