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Bulls Running Out Of Steam *RES 4:......>

GOLD TECHS
GOLD TECHS: Bulls Running Out Of Steam 
*RES 4: $1326.0 - High May 11 
*RES 3: $1300.0 - Pivot area 
*RES 2: $1262.4 - 200-dma 
*RES 1: $1236.5 - High Nov 7 
*PRICE: $1221.7 @ 06:32 GMT 
*SUP 1: $1196.3 - Low Nov 13 
*SUP 2: $1180.9 - Low Sep 28 
*SUP 3: $1160.4 - Low Aug 16 
*SUP 4: $1122.9 - Dec 15, 2016 
Gold was met with resistance ahead of the $1230 level yesterday returning the
near term outlook neutral. The rally from the August lows remains intact but
bulls need to see a break above the Nov 7 high at $1236.5 to ignite momentum,
opening the 200-dma at $1262.4. Bears need a close below $1200 to shift the
focus back to the downside, opening the Sep 28 low ahead of a return to the Aug
16 and ytd low at $1160.4.

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