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SPOT GOLD: Decline Accelerated *RES 4:...>

GOLD TECHS
GOLD TECHS: SPOT GOLD: Decline Accelerated
*RES 4: $1228.6 - High July 31
*RES 3: $1215.8 - High August 7
*RES 2: $1215.4 - 21-DMA 
*RES 1: $1198.8 - High August 14 
*PRICE: $1180.22 @ 09:24 GMT 
*SUP 1: $1160.4 - Intraday low 
*SUP 2: $1150.0 - Support
*SUP 3: $1122.9 - Low December 15 2017
*SUP 4: $1077.4 - Low July 24 2015
Gold has accelerated the major down trend, with chart levels providing little in
the way of support at this stage. Momentum indicators have continued to power
lower, but are now reaching an extreme. Indeed, gold has rebounded from this
morning's 1160.40 low, but has yet to recapture any significant resistance
levels. A move back above 1191.80 needed to provide the first sign of stability,
failure keeps the pressure on downside. A break of 1160.40 targets 1122.90.

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