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Trendline Support Cleared *RES 4:........>

GOLD TECHS
GOLD TECHS: Trendline Support Cleared
*RES 4: $1598.0 - High Mar 13
*RES 3: $1575.5 - High Mar 16
*RES 2: $1547.8 - 38.2% retracement of the Mar 9 - Mar 13 sell-off
*RES 1: $1519.4 - Intraday high
*PRICE: $1484.0 @ 06:53 GMT Mar 17
*SUP 1: $1451.6 - Low Mar 16
*SUP 1: $1445.7 - Low Nov 12 and key support
*SUP 3: $1430.5 - Low Aug 2
*SUP 4: $1400.1 - Low Aug 1
Gold continues to face selling pressure. Price has recently cleared the
important trendline support drawn off the May 30, 2019 low. This reinforces the
current bearish theme and with momentum studies also pointing south, further
weakness is likely. The break of the psychological $1500.0 level also highlights
the current bearish risk and this has opened $1445.7, the Nov 12 low. Initial
resistance is at today's $1519.4 intraday high.

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