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Bulls Target A Close Above $1230 .......>

GOLD TECHS
GOLD TECHS: Bulls Target A Close Above $1230  
*RES 4: $1274.8 - 200-dma 
*RES 3: $1266.0 - High July 9 
*RES 2: $1236.0 - Pivot area 
*RES 1: $1230.0 - Resistance 
*PRICE: $1227.8 @ 05:42 GMT 
*SUP 1: $1201.6 - 55-dma 
*SUP 2: $1180.9 - Sep 28 
*SUP 3: $1160.4 - Low Aug 16 
*SUP 4: $1122.9 - Low December 15 2016 
Despite a brief look above $1230 on Friday the level still managed to hold on a
closing basis. A close above it would extend the recovery towards the $1236.0
pivot area ahead of a potential return to the July 9 high at $1266.0. Bears need
to hold below $1230 to return the focus to the 55-dma at $1201.6, below which
the downtrend would resume. 

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