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Pulls away from the trendline *RES 4:....>

GOLD TECHS
GOLD TECHS: Pulls away from the trendline
*RES 4: $1590.5 - High week ending Apr 12, 2013
*RES 3: $1557.3 - High Sep 4 and key resistance
*RES 2: $1528.3 - High Sep 6
*RES 1: $1524.3 - High Sep 12 and key bull trigger
*PRICE: $1515.3 @ 07:00 BST Sep 23
*SUP 1: $1483.0 - Low Sep 18 and key bear trigger
*SUP 2: $1479.7 - Low Aug 13
*SUP 3: $1471.4 - Low Aug 7
*SUP 4: $1453.1 - High Jul 19
Gold traded higher Friday. The yellow metal has thus far been unable to
convincingly clear trendline support off the May 30 low. Attention turns to key
resistance at 1524.3, Sep 12 high. A break here would likely attract bullish
interest and provide an early sign the broader uptrend is set to resume. The key
bull trigger is 1557.3, Sep 4 high. For bears, a clear breach of 1483.0 support,
Sep 18 low is required to confirm both a trendline break and trend reversal.
Energy BulletsCommodities
Energy BulletsCommodities

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