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Potential Bullish Breakout *RES 4:.......>

GOLD TECHS
GOLD TECHS: Potential Bullish Breakout
*RES 4: $1266.0 - High July 9 
*RES 3: $1235.2 - High July 26 
*RES 2: $1216.1 - 55-DMA 
*RES 1: $1214.4 - High Aug 28 
*PRICE: $1204.4 @ 06:43 GMT 
*SUP 1: $1183.2 - Low Aug 24 
*SUP 2: $1160.4 - Low Aug 16 
*SUP 3: $1150.0 - Support 
*SUP 4: $1122.9 - Low December 15 2017 
Gold managed to break out of its short-term downtrend yesterday as bulls regain
the upper hand to target the Aug 28 high at $1214.4 and the 55-dma at $1216.1. A
break above these levels would provide a strong signal that a bullish reversal
pattern is in play. Bears need a push back below the $1200 level to return the
focus to the Aug 24 low at $1183.2 which is the last line of defense before the
Aug 16 low at $1160.4. 

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