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GOLD TECHS
GOLD TECHS: Failed To Overcome 55-DMA
*RES 4: $1266.0 - High July 9 
*RES 3: $1235.2 - High July 26 
*RES 2: $1214.4 - High Aug 28 
*RES 1: $1209.3 - 55-dma 
*PRICE: $1195.7 @ 06:40 GMT 
*SUP 1: $1183.2 - Low Aug 24 
*SUP 2: $1160.4 - Low Aug 16 
*SUP 3: $1150.0 - Support 
*SUP 4: $1122.9 - Low December 15 2017 
The rejection by the 55-dma on Friday has set a weaker tone for the start of
this week as prices fall to the bottom end of the recent range. Bears need a
push back below the Aug 24 low at $1183.2 which is the last line of defense
before the Aug 16 low at $1160.4. A close above the 55-dma would shift the
short-term outlook bullish and open up the July 26 high, suggesting a bottoming
pattern is playing out.