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Correction Gathering Momentum *RES 4:....>

GOLD TECHS
GOLD TECHS: Correction Gathering Momentum
*RES 4: $1358.1 - High Aug 16 2016 
*RES 3: $1357.5 - 2017 High Sept 8 
*RES 2: $1350.5 - Hourly support Sept 8 now resistance 
*RES 1: $1342.1 - Low Sept 7 now resistance
*PRICE: $1327.0 @ 2130GMT
*SUP 1: $1326.0 - Low Sept 5 
*SUP 2: $1313.7 - High Aug 30 now support 
*SUP 3: $1307.2 - 21-DMA 
*SUP 4: $1304.9 - Hourly support Aug 31
*COMMENTARY: Fresh 2017 and 12mth highs lacked follow through Friday with bears
taking comfort in the gapping move lower Monday that eased immediate bullish
pressure and hints at a correction back to $1294.6-1313.7 where the 21-DMA is
located. Bears need a close below $1326.0 to add weight to their case. Bulls now
look for a close above $1342.1 to ease pressure on $1226.0 and reconfirm focus
on $1375.1 2016 highs.

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