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Pressuring LT Rising TL Off 2015 Low *...>

GOLD TECHS
GOLD TECHS: Pressuring LT Rising TL Off 2015 Low
* The topside failure ahead of the 21-DMA left the pair looking offered and
bears have not been disappointed with pressure returning to the LT rising TL off
2015 lows and the 200-WMA. 
* Bears look for a close below the 200-WMA to confirm breaks of key supports and
initially target $1204.5. 
* Daily studies are well placed for a fresh leg lower.
* Bulls still need a close above the 21-DMA to ease bearish pressure and to
return initial focus to $1272.6 where the 100-WMA is noted and above the 100-WMA
to target $1284.0-1292.1.

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