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Fresh Rise Has A $1304.1-$1315.7 Rally...>

GOLD TECHS
GOLD TECHS: Fresh Rise Has A $1304.1-$1315.7 Rally In Mind
*RES 4: $1315.7 76.4% Fibo of $1375.4-$1122.6
*RES 3: $1307.7 1.618 swing of $1292.3-$1267.4
*RES 2: $1304.1 Equality rise from $1281.2 to $1267.4-$1290.3
*RES 1: $1298.0 Intraday high
*PRICE: $1295.5 @0950GMT
*SUP 1: $1286.0 Hourly support
*SUP 2: $1281.8 Intraday low
*SUP 3: $1274.6 Initial recovery high Aug 16, now support
*SUP 4: $1269.6 6 week rising support line
*COMMENTARY* The rally after finding support from just above the 61.8% Fibo
retrace level at $1267.2 on Tuesday, has gathered pace. Today we have seen a
move through the year's previous $1296.1 high, which suggests that there is
scope to see an eventual test to the longer term 76.4% Fibo retrace level at
$1315.7. Look to $1304.1-$1307.7 along the way. Support $1286.0 and then the
day's $1281.8 low.

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