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Triangle Formation Intact *RES 4:........>

GOLD TECHS
GOLD TECHS: Triangle Formation Intact
*RES 4: $1747.4 - High Apr 15 and bull trigger
*RES 3: $1739.3 - High Apr 27
*RES 2: $1729.1 - High Apr 30
*RES 1: $1723.1 - High May 8
*PRICE: $1705.6 @ 07:01 BST May 13
*SUP 1: $1692.0 - Low May 11
*SUP 2: $1670.7 - Low May 1
*SUP 3: $1661.8 - 50-day EMA
*SUP 4: $1659.6 - Low Apr 21 and key support
Gold is unchanged and continues to hold above support at $1670.7, May 1 low and
more importantly above the key support at $1659.6, Apr 21 low. Note, the yellow
metal also continues to trade within a triangle formation that has developed on
the daily chart. This is a bullish pattern and reinforces the current uptrend.
Attention is on $1739.3, Apr 23 high and the key bull trigger at $1747.4, Apr 14
high. A break below $1670.7 would be a concern for bulls.
Energy BulletsCommodities
Energy BulletsCommodities

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