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Rallies After Key $1274.2 Support........>

GOLD TECHS
GOLD TECHS: Rallies After Key $1274.2 Support Survives On Friday
*RES 4: $1318.2 8 week bull channel top projection
*RES 3: $1315.7 76.4% Fibo of $1375.4-$1122.6
*RES 2: $1307.7 1.618 swing of $1292.3-$1267.4
*RES 1: $1300.9 Aug 18 high
*PRICE: $1296.5 @0955GMT
*SUP 1: $1288.5 Hourly support
*SUP 2: $1280.6 Aug 18 low
*SUP 3: $1274.2 Aug 1 high, now support
*SUP 4: $1267.4 Aug 15 low
*COMMENTARY* A sharp spike lower on Friday, through the base of the triangular
consolidation, found support from above the Aug 1 high at $1274.2. This thereby
keeping near term momentum with the topside. The subsequent break back above
$1294.4 suggests another attempt on the Aug 18 high at $1300.9 will follow.
Through here and the swing target at $1307.7 and the 76.4% Fibo retrace level at
$1315.7 remain next valid targets. Support $1288.5-$1280.6 now protect  $1274.2.

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