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Looking Toppy *RES 4: $1326.0 - High.....>

GOLD TECHS
GOLD TECHS: Looking Toppy
*RES 4: $1326.0 - High May 11 
*RES 3: $1300.0 - Pivot area 
*RES 2: $1260.0 - 200-dma 
*RES 1: $1236.5 - High Nov 7 
*PRICE: $1221.8 @ 06:18 GMT 
*SUP 1: $1196.3 - Low Nov 13 
*SUP 2: $1180.9 - Low Sep 28 
*SUP 3: $1160.4 - Low Aug 16 
*SUP 4: $1122.9 - Dec 15, 2016 
Gold trades just ahead of neckline support on the intraday chart which stands in
the way of a potential triple top formation. Bigger picture, bears need a close
below $1200 to shift the focus back to the downside, opening the Sep 28 low
ahead of a return to the Aug 16 and ytd low at $1160.4. Bulls need to close
above $1230.0 to reignite upside momentum and return the focus to the Nov 7 high
at $1236.5. 

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