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

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.