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Bulls Struggling To Close Above $1230 ...>

GOLD TECHS
GOLD TECHS: Bulls Struggling To Close Above $1230 
*RES 4: $1275.4 - 200-dma 
*RES 3: $1266.0 - High July 9 
*RES 2: $1236.0 - Pivot area 
*RES 1: $1230.0 - Resistance 
*PRICE: $1227.6 @ 06:08 GMT 
*SUP 1: $1201.2 - 55-dma 
*SUP 2: $1180.9 - Sep 28 
*SUP 3: $1160.4 - Low Aug 16 
*SUP 4: $1122.9 - Low December 15 2016 
Gold failed to break back above $1230 for the fourth consecutive day yesterday
despite a series of strong attempts, which raises the importance of this level.
A close above it would extend the recovery towards the $1236.0 pivot area ahead
of a potential return tot he July 9 high at $1266.0. Bears need to hold below
$1230 to return the focus to the 55-dma at $1201.2, below which the downtrend
would resume.

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