Topside Hesitation A Concern *RES 4:.....>

GOLD TECHS: Topside Hesitation A Concern

*RES 4: $1367.3 - Monthly High Aug 2 2016 

*RES 3: $1357.5 - 2017 High Sept 8 

*RES 2: $1334.8 - High Sept 13 

*RES 1: $1326.6 - 2018 High Jan 10

*PRICE: $1318.9 @ 0430GMT

*SUP 1: $1305.9 - Low Jan 4 

*SUP 2: $1302.5 - Low Jan 2 

*SUP 3: $1293.5 - Low Dec 29 

*SUP 4: $1289.6 - 100-DMA

*COMMENTARY: Topside hesitation is less than ideal when combined with daily

studies looking to correct from O/B. Bears continue to look for a close below

$1302.5 to shift focus back to $1273.2-1289.6 where key DMAs are noted. While

$1302.5 supports bulls maintain focus on tests of $1357.5-1374.9 where 2016 &

2017 highs are situated but need a close above $1326.6 to add support to their

case.