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Looking Toppy *RES 4: $1365.2 - High.....>

GOLD TECHS
GOLD TECHS: Looking Toppy
*RES 4: $1365.2 - High April 11 
*RES 3: $1309.4 - High June 14 
*RES 2: $1300.0 - Pivot area 
*RES 1: $1295.1 - Triangle top 
*PRICE: $1291.1 @ 05:56 GMT Jan 18 
*SUP 1: $1276.7 - Low Jan 4 
*SUP 2: $1247.8 - 200-dma 
*SUP 3: $1241.8 - Low Dec 19 
*SUP 4: $1225.0 - Up trendline support from Aug low 
The failure to take out its triangle top at $1295.1 has shifted the focus to the
downside with bears looking to target the 21-dma and the range lows at $1276.7
seen on Jan 4. Below here would suggest a bearish reversal, opening the 200-dma
at $1247.8. Bulls need a break above $1295.1 to trigger a continuation pattern,
targeting the $1300 pivot area initially ahead of a return to the June 14 highs
at $1309.4.

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