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Focus Remains On Channel Top *RES 4:.....>

GOLD TECHS
GOLD TECHS: Focus Remains On Channel Top
*RES 4: $1318.3 - Daily Bull channel top 
*RES 3: $1300.8 - 2017 High Aug 18 
*RES 2: $1299.3 - Bollinger band top 
*RES 1: $1294.5 - High Aug 25
*PRICE: $1291.1 @ 2130GMT
*SUP 1: $1287.9 - Hourly support Aug 25 
*SUP 2: $1275.3 - Low Aug 25 
*SUP 3: $1267.5 - Low Aug 15 
*SUP 4: $1257.5 - 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 recent 2017 highs. 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 ($1254.9-1257.5).

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