Outlook Remains Bullish *RES 4:..........>

GOLD TECHS: Outlook Remains Bullish

*RES 4: $1851.7 - 2.000 projection of the Jun 5 - 11 rally from Jun 15 low

*RES 3: $1834.3 - 1.764 projection of the Jun 5 - 11 rally from Jun 15 low

*RES 2: $1823.5 - 1.618 projection of the Jun 5 - 11 rally from Jun 15 low

*RES 1: $1818.0 - High Jul 8 and the bull trigger

*PRICE: $1809.4 @ 06:55 BST Jul 20

*SUP 1: $1790.8 - Low Jul 14 and key near-term support

*SUP 2: $1782.3 - 20-day EMA

*SUP 3: $1757.8 - Low Jul 2

*SUP 4: $1747.6 - High Jun 26

Gold traded higher Friday but remains essentially unchanged, and the outlook

remains bullish. The yellow metal has cleared $1800.0 and recent gains

reinforced underlying bullish conditions by maintaining the current positive

price sequence of higher highs and higher lows. The break above $1800.0 sets the

scene for a climb towards $1823.52 and $1834.3 next, both Fibonacci projections.

Initial support to watch is $1790.8, Jul 14 low.