Failed To Overcome 55-DMA *RES 4:........>

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.