Recovery Still Has $1308.9-$1309.3.......>

GOLD TECHS: Recovery Still Has $1308.9-$1309.3 Resistance To Consider

*RES 4: $1332.8 Apr 13 low, Apr 24 high

*RES 3: $1326.0 May 11 high

*RES 2: $1314.9 May 15 high

*RES 1: $1308.9/9.3 Hourly resistance

*PRICE: $1301.8 @1654GMT

*SUP 1: $1292.0 Hourly support

*SUP 2: $1287.8 May 23 low

*SUP 3: $1282.2 May 21 low

*SUP 4: $1267.2 76.4% Fibo of $1236.6-$1366.2

*COMMENTARY* Lost support from the key $1286.6-$1286.1 area last week which

raised some concerns. This the rising support line at the time, from the

December 2016 lows and the 61.8% Fibo retrace level of this year's

$1236.6-$1366.2 rise. If this can be sustained, then there is not much to stop

an eventual $1267.2 fall. In the meantime, once again trying to break through

the 8 week falling resistance line, so eyes still on $1308.9-$1314.9 resistance.