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YtD Highs Still In View *RES 4:..........>

GOLD TECHS
GOLD TECHS: YtD Highs Still In View
*RES 4: $1375.3 - High July 11, 2016
*RES 3: $1365.2 - High April 11, 2018
*RES 2: $1355.0 - Downtrend resistance from the 2016 highs
*RES 1: $1346.8 - High Feb 20
*PRICE: $1332.7 @ 05:53 GMT Jun 6
*SUP 1: $1317.7 - 38.2% Retracement of June Rally
*SUP 2: $1303.4 - High May 14
*SUP 3: $1287.9 - High May 27
*SUP 4: $1275.6 - Trendline Support
Bulls continue to look for a break above the YtD high at $1346.8. Further gains
above here will likely target the $1365/75 area, representing the peaks from
2016 and 2018, where more formidable resistance resides. Corrections to recent
sharp gains should be limited to the 38.2% retracement level at $1317.76. Gains
are currently supported by positive momentum indicators.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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