GOLD TECHS: Firmer within the triangle *RES....>

GOLD: GOLD TECHS: Firmer within the triangle

*RES 4: $1483.8 - 50% retracement of the Sep 2011-Dec 2015 decline

*RES 3: $1439.7 - High Jun 25 and major resistance

*RES 2: $1434.6 - Triangle resistance

*RES 1: $1431.9 - High Jul 17

*PRICE: $1423.6 @ 07:06 BST Jul 18

*SUP 1: $1400.2 - Low Jul 17

*SUP 2: $1390.4 - Triangle base

*SUP 3: $1385.8 - Low Jul 9

*SUP 4: $1381.8 - Low Jul 1 and major support

Gold is firmer within the triangle. This pattern represents the broader range

that has developed since the high of Jun 25. A triangle is by definition a

continuation pattern and suggests the current sideways move will ultimately be

resolved to the upside, to confirm a resumption of the uptrend. The key trigger

is at the triangle top, today at $1434.6. The base of the pattern is at $1390.4

and represents a key support. A breakout confirms the pattern.