Extends Bounce Off Monday's Low

• RES 4: $1899.2 - High Nov 16
• RES 3: $1888.9 - 61.8% retracement of the Nov 9 - 30 sell-off
• RES 2: $1875.4 - High Dec 8 and the bull trigger
• RES 1: $1864.3 - High Dec 10
• PRICE: $1857.2 @ 06:56 GMT Dec 16
• SUP 1: $1818.9 - Low Dec 14 and key intraday support
• SUP 2: $1807.5 - Low Dec 2
• SUP 3: $1764.8 - Low Nov 30 and the bear trigger
• SUP 4: $1763.5 - 50.0% retracement of the Mar - Aug rally

Gold Monday traded below support at $1822.5, Jul 7 low however the break has not delivered a deeper sell-off. Instead the yellow metal has recovered off $1818.9, Dec 14 low. A break of this support is required to signal scope for a deeper sell-off that potentially would expose the $1800.0 handle and below. On the upside, the key upside trigger remains $1875.4, Dec 8 high. A break would resume bullish activity.