Fall Pauses Ahead Of The 50% Fibo........>

GOLD TECHS: Fall Pauses Ahead Of The 50% Fibo Level At $1301.4

*RES 4: $1340.5 Base of broken 10 week bull channel

*RES 3: $1332.8 Apr 24 high

*RES 2: $1327.2 Apr 27 high

*RES 1: $1321.2 Hourly resistance

*PRICE: $1313.3 @1750GMT

*SUP 1: $1301.4/2.2 50% Fibo of $1236.6-$1366.2, Jan 1 low

*SUP 2: $1299.3 Nov 27 high, now support

*SUP 3: $1286.1 61.8% Fibo of $1236.6-$1366.2

*SUP 4: $1282.2 Rising Weekly support line from Dec 2016

*COMMENTARY* Last month saw a break below the 8 week bull channel, at $1340.5

today, following the failure to reclaim levels back above the year's $1366.2

high earlier in the month. Further loss of the 61.8% Fibo retrace level at

$1326.7, opens the way for a continued fall and with $1307.3 also going,

suggests a test of the year's $1302.2 low and 50% Fibo level at $1301.4. In the

meantime, $1321.2-$1327.2 now presents initial resistance.