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Recovery Intact Above $1200 *RES 4:......>

GOLD TECHS
GOLD TECHS: Recovery Intact Above $1200
*RES 4: $1326.0 - High May 11 
*RES 3: $1300.0 - Pivot area 
*RES 2: $1263.5 - 200-dma 
*RES 1: $1243.5 - High Oct 26 
*PRICE: $1218.5 @ 06:14 GMT 
*SUP 1: $1196.3 - Low Nov 13 
*SUP 2: $1180.9 - Low Sep 28 
*SUP 3: $1160.4 - Low Aug 16 
*SUP 4: $1122.9 - Dec 15, 2016 
Friday's spike above $1125 was has given way to weakness with the $1220 level
giving way today. The recovery from the August lows remains intact above the
$1200 level though, with bulls looking for a break above the Oct 26 high at
$1243.5 to trigger renewed upside momentum and target the 200-dma at $1263.5. A
close below $1200 would shift the outlook negative, opening the Sep 28 low ahead
of a return to the Aug 16 and ytd low at $1160.4.

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