Look For Weekly Close Below 100-WMA......>

GOLD TECHS: Look For Weekly Close Below 100-WMA

*RES 4: $1286.2 - Hourly resistance June 15 

*RES 3: $1284.1 - High June 19 

*RES 2: $1275.3 - 100-WMA 

*RES 1: $1270.0 - Low June 19 now resistance

*PRICE: $1267.2 @ 0300GMT

*SUP 1: $1258.9 - Low Dec 19 

*SUP 2: $1249.9 - Low Dec 14 

*SUP 3: $1234.1 - 200-WMA, LT Rising TL off 2015 Low 

*SUP 4: $1214.0 - Low July 12

*COMMENTARY: Fresh 2018 & 7mth lows continue with bears now looking for a weekly

close below the 100-WMA to add significant weight to the case for a test of the

200-WMA and LT rising TL of 2015 lows. The lack of follow through Thursday is a

concern for bears with the Bollinger base ($1266.3) proving problematic. Bulls

now need a close above $1270.0 to gain breathing room and above $1292.1 to

return pressure to $1303.1-1310.5.