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Consolidation Phase *RES 4: $1375.3 -....>

GOLD TECHS
GOLD TECHS: Consolidation Phase
*RES 4: $1375.3 - High July 11, 2016
*RES 3: $1365.2 - High April 11, 2018
*RES 2: $1358.4 - Downtrend resistance from the 2016 highs
*RES 1: $1348.3 - High Jun 7
*PRICE: $1336.5 @ 06:39 GMT Jun 13
*SUP 1: $1319.9 - Low June 11
*SUP 2: $1303.4 - High May 14
*SUP 3: $1300.7 - 100-dma
*SUP 4: $1287.9 - High May 27
Gold's recent corrective pullback has been limited to the 38.2% retracement
level of the last rally, keeping the overall bullish technical structure in
place. Consolidation largely remained the theme through Asia with topside focus
on the recent cycle high at $1348.31. A further move above here targets the
formidable $1365/75 resistance area, representing the peaks from 2016 and 2018.
Holding above the $1320.00/$1319.94 area keeps the uptrend intact.

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