Triangular Consolidation Above 7 Week....>

GOLD TECHS: Triangular Consolidation Above 7 Week Rising Support Line

*RES 4: $1315.7 76.4% Fibo of $1375.4-$1122.6

*RES 3: $1307.7 1.618 swing of $1292.3-$1267.4

*RES 2: $1300.9 Aug 18 high

*RES 1: $1296.1 Hourly resistance

*PRICE: $1285.7 @0855GMT

*SUP 1: $1280.6 Aug 18 low

*SUP 2: $1278.5 7 week rising support line

*SUP 3: $1274.2 Aug 1 high, now support

*SUP 4: $1267.4 Aug 15 low

*COMMENTARY* A triangular consolidation has ensued following last week's rally

to $1300.9. So far, this has found $1280.6 for support, leaving the 7 week

rising support line at $1278.5, untouched for the time being. For the rally to

continue, will need to regain $1296.1 initially, that $1300.9 thereafter, with

$1307.7-$1315.7 the next likely target area higher. Loss of $1278.5 will

caution, $1274.2 providing some back up but $1267.4 again important below.