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Focus Remains On $1318.3-1337.4 *RES.....>

GOLD TECHS
GOLD TECHS: Focus Remains On $1318.3-1337.4
*RES 4: $1337.4 - Monthly High Nov 9 
*RES 3: $1318.3 - Daily Bull channel top 
*RES 2: $1301.3 - Bollinger band top 
*RES 1: $1300.8 - 2017 High Aug 18
*PRICE: $1294.1 @ 0430GMT
*SUP 1: $1287.9 - Hourly support Aug 25 
*SUP 2: $1275.3 - Low Aug 25 
*SUP 3: $1267.5 - Low Aug 15 
*SUP 4: $1257.9 - 100-DMA
*COMMENTARY: Volatility Friday saw gold dip into the previously noted
$1267.5-1277.7 support region before rallying aggressively and maintaining focus
on the daily bull channel top and $1337.4 Nov high. The Bollinger top is the key
concern for bulls. Initial support is noted at $1287.9 with bears needing a
close below to gain breathing room. A close below $1267.5 is needed to shift
initial focus to 55 & 100-DMAs ($1255.5-1257.9).

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