Still Defying Gravity *RES 4: $1897.3....>

GOLD TECHS: Still Defying Gravity

*RES 4: $1897.3 - 2.618 projection of the Jun 5 - 11 rally from Jun 15 low

*RES 3: $1888.6 - 2.500 projection of the Jun 5 - 11 rally from Jun 15 low

*RES 2: $1879.9 - 2.382 projection of the Jun 5 - 11 rally from Jun 15 low

*RES 1: $1876.6 - Intraday high

*PRICE: $1871.1 @ 07:04 BST Jul 23

*SUP 1: $1841.2 - Low Jul 22

*SUP 2: $1815.8 - Low Jul 21

*SUP 3: $1800.7 - 20-day EMA

*SUP 4: $1790.8 - Low Jul 14 and key near-term support

Gold continues to appreciate and has extended the move higher overnight in Asia.

Bullish conditions remain intact. This week's strong impulsive gains have

confirmed a clear breach of the $1800.0 handle and the uptrend has adopted a

more impulsive tone as bullish sentiment strengthens. Attention is on $1879.9

next a Fibonacci projection with the metal also approaching it's all time high

of $1921.2, Sep, 2011 high. Initial support is at $1841.20.