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Recovery Challenges Channel Top,.........>

GOLD TECHS
GOLD TECHS: Recovery Challenges Channel Top, $1340.7-$1336.7 Support
*RES 4: $1375.4 Jul 8 2016 high
*RES 3: $1366.2 Jan 25 high
*RES 2: $1361.8 Feb 16 high
*RES 1: $1356.9 Intraday high
*PRICE: $1345.1 @1638GMT
*SUP 1: $1340.7 Mar 6 high, now support
*SUP 2: $1336.7 Mar 21 high, now support
*SUP 3: $1324.8 Mar 22 low
*SUP 4: $1315.3 Mar 2 low
*COMMENTARY* Has now made it's way slightly back above $1354.4, the current
level of the 2 month bear channel top. If this can be sustained, then the way is
open for a further $1361.8-$1366.2 rise, as we continue to erase losses since
the year's $1366.2 high. As a consequence, support also rises, two former
$1340.7 and $1336.7 highs providing the initial protection against any
meaningful setbacks within this years range above $1302.8.

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