Fall Moves Toward Next $1267.2-$1262.3...>

GOLD TECHS: Fall Moves Toward Next $1267.2-$1262.3 Target Zone

*RES 4: $1303.5 Jun 7 high

*RES 3: $1294.5 Congestion area Jun 5-Jun 13

*RES 2: $1289.3 Jun 1 low, now resistance

*RES 1: $1284.1 Hourly resistance

*PRICE: $1272.3 @0914GMT

*SUP 1: $1270.5 Jun 19 low

*SUP 2: $1267.2 76.4% Fibo of $1236.6-$1366.2

*SUP 3: $1265.4 1.618 swing of $1282.2-$1309.3

*SUP 4: $1262.3 Equality fall from $1326.0 to $1365.4-$1301.7

*COMMENTARY* Lost support briefly from the key $1286.6-$1286.1 area last month

which raised concerns. This the rising support line at the time, from the

December 2016 lows and the 61.8% Fibo retrace level of this year's

$1236.6-$1366.2 rise. Below and there is not much to stop an eventual

$1267.2-$1262.3 fall. In the meantime, $1309.3 resistance has blocked gains and

started a fresh fall. Resistance $1284.1-$1294.5, $1303.5 more important higher.