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Profit Taking *RES 4: $1309.4 - High.....>

GOLD TECHS
GOLD TECHS: Profit Taking
*RES 4: $1309.4 - High June 14 
*RES 3: $1276.4 - 200-dma 
*RES 2: $1266.0 - High July 9 
*RES 1: $1236.0 - Pivot area 
*PRICE: $1222.0 @ 06:41 GMT 
*SUP 1: $1200.7 - 55-dma 
*SUP 2: $1180.9 - Sep 28 
*SUP 3: $1160.4 - Low Aug 16 
*SUP 4: $1122.9 - Low December 15 2016 
Gold has given back some of last week's impressive gains but the bulls remain in
the driving seat while above the 55-dma, currently at $1200.7. The next upside
target comes in at the $1236.0 pivot area, just ahead of yesterday's high. Above
here extends the rally towards the July 9 high at $1266.0. Bears look to recover
the 55-dma to return the focus to the downside.

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