Focus Back To The Lows *RES 4: $1235.2...>

GOLD TECHS: Focus Back To The Lows

*RES 4: $1235.2 - High July 26 

*RES 3: $1228.6 - High July 31 

*RES 2: $1221.8 - 21-DMA 

*RES 1: $1215.8 - High August 7 

*PRICE: $1208.8 @ 0643GMT 

*SUP 1: $1206.4 - Low August 6 

*SUP 2: $1204.6 - Low August 3 

*SUP 3: $1195.1 - Low March 10 2017 

*SUP 4: $1180.7 - Low January 21 2017 

Gold's failure to break to the upside yesterday has seen focus return to the

downside with the August 6 lows at $1206.4 within touching distance. A break

below here would make a break of the August 3 lows highly likely, giving bears

the momentum for a push down to the March 2017 lows. Bulls need to recover the

21-DMA, currently at $1121.8 in order to shift the outlook positive and mount a

reversal attempt.