Uptrend remains intact *RES 4: $1500.0...>

GOLD TECHS: Uptrend remains intact

*RES 4: $1500.0 - Psychological round number

*RES 3: $1483.8 - 50% retracement of the Sep 2011-Dec 2015 decline

*RES 2: $1453.1 - High Jul 19 and key bull trigger

*RES 1: $1433.9 - High Jul 25

*PRICE: $1420.3 @ 06:55 BST Jul 29

*SUP 1: $1411.1 - Low Jul 25

*SUP 2: $1400.2 - Low Jul 17

*SUP 3: $1385.8 - Low Jul 9

*SUP 4: $1381.9 - Low Jul 1 and key support

Gold is consolidating while the outlook remains bullish. The yellow metal

cleared the top of its triangle formation on Jul 18 that had developed since the

high of Jun 25. A triangle is by definition a continuation pattern and suggested

the sideways move would ultimately be resolved to the upside. Despite trading

back into the triangle, the bullish outlook holds. Potential is for $1483.8,

ahead of $1500.0. The bull trigger is $1453.1 while support lies at $1400.2.