Fresh Fall Underway After $1309.3........>

GOLD TECHS: Fresh Fall Underway After $1309.3 Blocks Gains

*RES 4: $1309.3 61.8% Fibo of $1326.0-$1282.2, Jun 14 high

*RES 3: $1305.9 Hourly high Jun 13

*RES 2: $1297.3 Initial low Jun 15, now resistance

*RES 1: $1289.3 Jun 1 low, now resistance

*PRICE: $1278.9 @0920GMT

*SUP 1: $1273.5 Hourly support

*SUP 2: $1267.2 76.4% Fibo of $1236.6-$1366.2

*SUP 3: $1265.4 1.618 swing of $1282.2-$1309.3

*SUP 4: $1262.3 Equality fall from $1326.0 to $1365.4-$1301.7

*COMMENTARY* Lost support briefly from the key $1286.6-$1286.1 area last month

which raised concerns. This the rising support line at the time, from the

December 2016 lows and the 61.8% Fibo retrace level of this year's

$1236.6-$1366.2 rise. Below and there is not much to stop an eventual

$1267.2-$1262.3 fall. In the meantime, $1309.3 resistance has blocked gains and

started a fresh fall below $1282.2 support. Look to $1273.5 for interim support.