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Stiff Overhead Resistance *RES 4:........>

GOLD TECHS
GOLD TECHS: Stiff Overhead Resistance
*RES 4: $1266.0 - High July 9 
*RES 3: $1235.2 - High July 26 
*RES 2: $1215.2 - 55-DMA 
*RES 1: $1214.4 - High Aug 28 
*PRICE: $1204.8 @ 05:14 GMT 
*SUP 1: $1183.2 - Low Aug 24 
*SUP 2: $1160.4 - Low Aug 16 
*SUP 3: $1150.0 - Support 
*SUP 4: $1122.9 - Low December 15 2017 
While gold manages to remain above $1200 the Aug 28 high at $1214.4 and the
55-dma at $1215.2 need to be overcome to shift the outlook bullish. A break
above these levels would strongly suggest a bullish reversal is in play. Bears
need a push back below the $1200 level to return the focus to the Aug 24 low at
$1183.2 which is the last line of defense before the Aug 16 low at $1160.4.

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