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Finding Some Support *RES 4: $1228.6 -...>

GOLD TECHS
GOLD TECHS: Finding Some Support
*RES 4: $1228.6 - High July 31 
*RES 3: $1217.1 - High Aug 10 
*RES 2: $1201.9 - 21-DMA 
*RES 1: $1201.6 - High Aug 22 
*PRICE: $1187.4 @ 04:40 GMT 
*SUP 1: $1160.4 - Low Aug 16 
*SUP 2: $1150.0 - Support 
*SUP 3: $1122.9 - Low December 15 2017 
*SUP 4: $1077.4 - Low July 24 2015 
After two-days of heavy declines from its recovery peak, gold is finding some
support at the 50% retracement level of the August 16-22 rally. Bulls need to
recover Wednesday's high of $1201.6 and the 21-dma at $1201.9 to give the
recovery legs and suggest a bottom has been formed. Bears still target the
August 16 low to open up new multi-year lows.

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