Support Remains Intact

• RES 4: $1877.5 - 76.4% retracement of the Jun 1 - 29 decline
• RES 3: $1863.3 - High Jun 16
• RES 2: $1853.3 - 61.8% retracement of the Jun 1 - 29 decline
• RES 1: $1834.1 - High Jul 15 and the bull trigger
• PRICE: $1806.9 @ 07:16 BST Jul 28
• SUP 1: $1791.7/1790.0 Low Jul 12 / Low Jul 23
• SUP 2: $1774.4/1750.8 - Low Jul 2 / Low Jun 29
• SUP 3: $1733.5 -76.4% retracement of the Mar 8 - Jun 1 rally
• SUP 4: $1723.8 - Low Apr 13

Gold remains inside its recent range and below $1834.1, Jul 15 high. The outlook is bullish though and the recent pullback is still considered corrective. Price however needs to clear $1834.1, Jul 15 high to confirm a resumption of the bull cycle. Support to watch is $1791.7, Jul 12 low that was briefly probed last week. A breach would be bearish and instead would signal scope for an extension lower towards key support at $1750.8, Jun 29 low.