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Still consolidating *RES 4: $1557.3 -....>

GOLD TECHS
GOLD TECHS: Still consolidating
*RES 4: $1557.3 - High Sep 4 and key resistance
*RES 3: $1528.3 - High Sep 6
*RES 2: $1524.3 - High Sep 12
*RES 1: $1512.3 - High Sep 16
*PRICE: $1505.1 @ 06:57 BST Sep 20
*SUP 1: $1483.0 - Low Sep 18 and key bear trigger
*SUP 2: $1479.7 - Low Aug 13
*SUP 3: $1471.4 - Low Aug 7
*SUP 4: $1453.1 - High Jul 19
Gold did trade below key support at $1484.6, Sep 10 low Wednesday. There wasn't
any follow through however and the yellow metal is trading back within its
range. A clear breach of Wednesday's $1483.0 low would confirm an important
technical break. This would see key trendline support drawn off the May 30 low
breached and also highlight a trend reversal. On the upside, $1524.3 remains the
key resistance. A break would likely attract bulls.

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