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Former channel top marks key support.....>

GOLD TECHS
GOLD TECHS: Former channel top marks key support
*RES 4: $1587.0 - 61.8% retracement of the Sep 2011-Dec 2015 decline
*RES 3: $1500.0 - Psychological round number
*RES 2: $1483.8 - 50% retracement of the Sep 2011-Dec 2015 decline
*RES 1: $1439.7 - High Jun 25
*PRICE: $1407.0 @ 06:25 BST Jun 26
*SUP 1: $1396.5 - Former bull channel resistance drawn off the Aug 16, 2018 low
*SUP 2: $1382.3 - Low Jun 21
*SUP 3: $1357.8 - Low Jun 20
*SUP 4: $1338.7 - Low Jun 18
Gold remains bullish despite the pullback from yesterday's high. This week we've
seen a clear breach of resistance at the top of the bull channel that today
intersects at $1396.5. The ability to hold above $1396.5 would maintain the
current bullish tone with the next objective at the 50% retracement level of the
entire Sep 2011-Dec 2015 decline at $1483.8. Gold is overbought and this is a
condition that will be monitored closely. Watch support at $1396.5.

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