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Defying Gravity *RES 4: $1888.6 -........>

GOLD TECHS: Defying Gravity
*RES 4: $1888.6 - 2.500 projection of the Jun 5 - 11 rally from Jun 15 low
*RES 3: $1879.9 - 2.382 projection of the Jun 5 - 11 rally from Jun 15 low
*RES 2: $1869.1 - 2.236 projection of the Jun 5 - 11 rally from Jun 15 low
*RES 1: $1865.8 - Intraday high
*PRICE: $1860.5 @ 06:58 BST Jul 22
*SUP 1: $1841.2 - Intraday low
*SUP 2: $1815.8 - Low Jul 21
*SUP 3: $1793.2 - 20-day EMA
*SUP 4: $1790.8 - Low Jul 14 and key near-term support
Gold continues to trade higher having started the week on a firm note and
underlying bullish conditions remain intact. The yellow metal has cleared
$1800.0 and recent gains have maintained the current positive price sequence of
higher highs and higher lows that defines an uptrend. Attention turns to $1869.1
next a Fibonacci projection with the metal also approaching it's all time of
$1921.2, Sep, 2011 high. Initial support is at $1841.20, today's intraday low.

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