Needle Still Points North *RES 4:........>

GOLD TECHS: Needle Still Points North

*RES 4: $1714.7 - 76.4% retracement of the 2009 - 2015 decline

*RES 3: $1708.7 - 1.382 of Aug 2018 low to Sep 2019 high

*RES 2: $1696.2 - High Jan 22, 2013

*RES 1: $1679.7 - Intraday high

*PRICE: $1663.2 @ 06:38 GMT Feb 24

*SUP 1: $1651.9 - Intraday low

*SUP 1: $1611.4 - High Jan 8

*SUP 3: $1592.1 - High Feb 3 and former resistance

*SUP 4: $1578.9 - Low Feb 17

Gold continues to motor higher and has rallied to fresh trend highs once again

today. The technical condition is in overbought territory and this does raise

the risk that price action will become choppy with the risk too for a corrective

pullback having increased. That said, we need to wait for some proof of a top

and until then, the underlying bull trend remains intact. The focus is on

$1696.2 and $1700.0 next. Initial support is at $1651.92.