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Impulsive Gains *RES 4: $1600.0 -........>

GOLD TECHS
GOLD TECHS: Impulsive Gains
*RES 4: $1600.0 - Round number resistance
*RES 3: $1557.1 - High Sep 4 and primary resistance
*RES 2: $1554.1 - High Sep 5
*RES 1: $1543.9 - Intraday high
*PRICE: $1541.1 @ 07:21 GMT Jan 3
*SUP 1: $1528.1 - Intraday low
*SUP 2: $1414.8 - Low Dec 31
*SUP 3: $1497.6 - Low Dec 26
*SUP 4: $1484.7 - Low Dec 24
Gold remains bullish and has rallied once again today. The bullish theme follows
the breakout of the channel resistance on Dec 23 and the subsequent impulsive
drive higher. Price action has today cleared an important resistance at
$1535.73, Dep 24 high paving the way for a test of the primary resistance at
$1557.11, Sep 4 high. A break of this latter level would confirm a resumption of
the bull trend that has started in Sep 2018. Initial support lies at $1528.1.

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