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Stuck In Range *RES 4: $1266.0 - High....>

GOLD TECHS
GOLD TECHS: Stuck In Range
*RES 4: $1266.0 - High July 9 
*RES 3: $1235.2 - High July 26 
*RES 2: $1214.4 - High Aug 28 
*RES 1: $1208.3 - 55-dma 
*PRICE: $1198.85 @ 06:36 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 
Gold is yet to break out of its month-long trading range as the 55-dma is
blocking gains while range lows act as support. Bears need a push back below the
Aug 24 low at $1183.2 which is the last line of defense before the Aug 16 low at
$1160.4. A close above the 55-dma at $1208.3 would shift the short-term outlook
bullish and open up the July 26 high, suggesting a bottoming pattern is playing
out.

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