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Flirting With 200-WMA & LT Rising TL.....>

GOLD TECHS
GOLD TECHS: Flirting With 200-WMA & LT Rising TL
*RES 4: $1262.7 - Hourly support June 26 now resistance 
*RES 3: $1260.1 - High June 27 
*RES 2: $1255.6 - High June 29 
*RES 1: $1247.6 - Hourly support July 2 now resistance
*PRICE: $1240.5 @ 0300GMT
*SUP 1: $1239.1 - LT Rising TL off 2015 Low 
*SUP 2: $1235.9 - Monthly low Dec 12 
*SUP 3: $1233.8 - 200-WMA 
*SUP 4: $1227.1 - High July 7 2017 now support
*COMMENTARY: Fresh 2018 & 7mth lows continue with immediate pressure on the
200-WMA and LT rising TL of 2015 lows coming in around $1239.1. The Bollinger
base ($1233.8) and O/S daily studies looking to correct remain key concern for
bears. Bulls now look for a close above $1247.6 to gain breathing room and above
$1260.1 to return pressure to $1272.5-1273.4 where the 100-WMA is noted. A close
below the 200-WMA initially targets $1204.5.

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