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Pulls Back From YtD Highs *RES 4:........>

GOLD TECHS
GOLD TECHS: Pulls Back From YtD Highs
*RES 4: $1375.3 - High July 11, 2016
*RES 3: $1365.2 - High April 11, 2018
*RES 2: $1358.4 - Downtrend resistance from the 2016 highs
*RES 1: $1348.3 - High Jun 7
*PRICE: $1327.3 @ 06:14 GMT Jun 10
*SUP 1: $1320.3 - 38.2% Retracement of June Rally
*SUP 2: $1303.4 - High May 14
*SUP 3: $1287.9 - High May 27
*SUP 4: $1275.6 - Trendline Support
The yellow metal has pulled back from fresh YTD highs registered Friday. Bulls
look for a breach of the year to date peak and $1350 to allow them to focus on
downtrend resistance from the 2016 high. Above here is the formidable 1365/75
resistance area, representing the peaks from 2016 and 2018. Corrections to
recent sharp gains should be limited to the 38.2% retracement level at $1320.32.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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