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(M2)‌‌ Challenging Resistance The 50-Day EMA


Back in the red against G10s


CZKPLN ‘Bear’ Consolidation Resumes

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GOLD TECHS: Focus Shifts to 2017 High, $1270.0 Support Key
*RES 4: $1337.4 - Monthly High Nov 9 
*RES 3: $1295.9 - 2017 High June 6 
*RES 2: $1293.2 - Daily Bull channel top 
*RES 1: $1288.2 - Bollinger band top
*PRICE: $1284.7 @ 0430GMT
*SUP 1: $1283.5 - Hourly support Aug 10 
*SUP 2: $1280.8 - High June 14 now support 
*SUP 3: $1277.7 - Hourly support Aug 10a 
*SUP 4: $1270.0 - Hourly support Aug 9
*COMMENTARY: Support emerging ahead of the 21-DMA Tuesday provided the base for
a move that has taken out $1280.8 with immediate focus now on 2017 highs. Layers
of support continue to build with bears needing a close below $1270.0 to confirm
an easing of bullish pressure and to shift focus back to $1253.3-1256.6 where
key DMAs and the daily bull channel base are situated.

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