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Consolidating Above 7 Week Rising........>

GOLD TECHS
GOLD TECHS: Consolidating Above 7 Week Rising Support Line
*RES 4: $1315.7 76.4% Fibo of $1375.4-$1122.6
*RES 3: $1307.7 1.618 swing of $1292.3-$1267.4
*RES 2: $1300.9 Aug 18 high
*RES 1: $1296.1 Hourly resistance
*PRICE: $1287.89 @1702GMT
*SUP 1: $1280.6 Aug 18 low
*SUP 2: $1276.3 7 week rising support line
*SUP 3: $1267.4 Aug 15 low
*SUP 4: $1260.1 Aug 9 low
*COMMENTARY* A spike above the year's previous $1296.1 high last Friday did not
see much longevity, falling back after reaching a high of $1300.9. This somewhat
shy of the swing target at $1307.7 and the favoured 76.4% Fibo retrace level at
$1315.7. Immediate support from that pullback low at $1280.6 and then more
importantly from $1276.3. This the current level of the 7 week rising support
line.

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