Fall Reaches Slightly Below..............>

GOLD TECHS: Fall Reaches Slightly Below $1267.2-$1262.3 Target Zone

*RES 4: $1289.3 Jun 1 low, now resistance

*RES 3: $1282.2 May 21 low, now resistance

*RES 2: $1275.4 Jun 15 low, now resistance

*RES 1: $1273.1 Hourly resistance

*PRICE: $1270.1 @0849GMT

*SUP 1: $1261.2 Jun 21 low

*SUP 2: $1251.8 3 month bear channel base projection

*SUP 3: $1236.6 Dec 12 low

*SUP 4: $1226.2 Equality fall from $1309.4 to $1365.4-$1282.2

*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 we have now seen a $1267.2-$1262.3 fall. In fact

this has been slightly exceeded and risk is for a test to the 3 month channel

base at $1251.8 next. Resistance $1273.1-$1275.4, $1282.2 more important higher.