Trendline support holds *RES 4:..........>

GOLD TECHS: Trendline support holds

*RES 4: $1587.0 - 61.8% retracement of the 2011 to 2015 decline

*RES 3: $1557.3 - High Sep 4 and key resistance

*RES 2: $1528.3 - High Sep 6

*RES 1: $1502.7 - High Sep 10

*PRICE: $1496.8 @ 06:19 BST Sep 12

*SUP 1: $1484.6/2 - Low Sep 10 / Trendline support drawn off the May 30 low

*SUP 2: $1471.4 - Low Aug 7

*SUP 3: $1453.1 - High Jul 19

*SUP 4: $1436.8 - Low Aug 5

The recent decline in Gold has found a base for now. The yellow metal has this

week traded to a low just ahead of trendline support drawn off the May 30 low,

at $1484.2 today. While current conditions remain bearish, a break of the

trendline is required to confirm potential for the next leg lower. Thus far,

prices are finding near-term support ahead of the line. If the trendline holds

and impulsive gains above $1500.0 follow, this could see a bullish theme return.