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Initial Focus On $1280.8 *RES 4:.........>

GOLD TECHS
GOLD TECHS: Initial Focus On $1280.8
*RES 4: $1337.4 - Monthly High Nov 9 
*RES 3: $1295.9 - 2017 High June 6 
*RES 2: $1280.8 - High June 14 
*RES 1: $1273.7 - Bollinger band top
*PRICE: $1270.3 @ 2130GMT
*SUP 1: $1265.7 - Low July 31 
*SUP 2: $1262.2 - Hourly support July 28 
*SUP 3: $1257.0 - Low July 28 
*SUP 4: $1252.7 - Hourly resistance July 25 now support
*COMMENTARY: Bears failed to capitalise on the dip Wednesday with gold finding
support ahead of $1242.4 and resulting in a close above the $1258.8 resistance
that shifted initial focus to $1280.8 and overall focus to tests of 2017 highs.
The Bollinger top & O/B studies remain key concerns. Bears now look for a close
below $1262.2 to gain breathing room and below $1252.7 to shift focus to the
$1242.4 support.
Energy BulletsCommodities
Energy BulletsCommodities

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