Key support this week lies at $1381.8....>

GOLD TECHS: Key support this week lies at $1381.8

*RES 4: $1500.0 - Psychological round number

*RES 3: $1483.8 - 50% retracement of the Sep 2011-Dec 2015 decline

*RES 2: $1439.7 - High Jun 25 and key bull trigger

*RES 1: $1424.3 - High Jul 5

*PRICE: $1404.6 @ 06:48 BST Jul 8

*SUP 1: $ 1386.2 - Low Jul 5

*SUP 2: $1381.8 - Low Jul 1 and key support

*SUP 3: $1357.7 - Jun 20 low

*SUP 4: $1358.3 - Jun 14 high

Gold is trading at a critical support area around the $1401.0/$1407.0 zone that

represents the bull channel resistance drawn off Aug 16, 2018 low and trendline

support drawn off the May 30 low. For now, the bullish outlook is maintained

with the focus on on $1439.7, the Jun 25 high where a break would open $1483.8

ahead of the $1500.0 handle. On the downside, the key support for the week lies

at $1381.8, a break would instead highlight a bearish reversal.