Bulls Pause For Breath *RES 4: $1851.7...>

GOLD TECHS: Bulls Pause For Breath

*RES 4: $1851.7 - 2.000 projection of the Jun 5 - 11 rally from Jun 15 low

*RES 3: $1834.3 - 1.764 projection of the Jun 5 - 11 rally from Jun 15 low

*RES 2: $1823.5 - 1.618 projection of the Jun 5 - 11 rally from Jun 15 low

*RES 1: $1818.0 - High Jul 8

*PRICE: $1798.1 @ 06:48 BST Jul 14

*SUP 1: $1791.7 - Low Jul 8 and key near-term support

*SUP 2: $1774.3 - 20-day EMA

*SUP 3: $1757.8 - Low Jul 2

*SUP 4: $1747.6 - High Jun 26

Gold maintains a bullish stance and the current consolidation marks a pause in

the trend. The yellow has cleared $1800.0 and last week's climb has further

reinforced underlying bullish conditions by maintaining the current positive

price sequence of higher highs and higher lows. The break above $1800.0 sets the

scene for a move towards $1823.52 and $1834.3 next, both Fibonacci projections.

Initial support to watch is at $1791.7, the Jul 8 low.