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GILT SUMMARY

Budget And Financial Tightening In The Spotlight

CORN TECHS

(K1) Consolidating

GOLD TECHS
GOLD TECHS: Pressure Back On $1326.1-1352.6
*RES 4: $1343.6 - High Sept 22 
*RES 3: $1337.4 - Monthly High Nov 9 
*RES 2: $1326.1 - 2017 high Aug 29 
*RES 1: $1337.4 - Monthly High Nov 9
*PRICE: $1320.7 @ 2130GMT
*SUP 1: $1313.7 - High Aug 30 now support 
*SUP 2: $1304.9 - Hourly support Aug 31 
*SUP 3: $1298.4 - Low Aug 31 
*SUP 4: $1295.5 - Hourly support Aug 28a
*COMMENTARY: The $1295.5 support confirmed significance with gold bouncing
aggressively form a dip back towards this level Thursday. The recovery from
Thursday lows sees immediate pressure back on the $1326.1-1352.6 region where
2017 & monthly highs and the daily bull channel top are situated. The Bollinger
top ($1322.0) is the key concern for bulls. Bears now need a close below $1213.7
to ease bullish pressure.