Following on from the 200-DMA bounce last week gold managed a brief dip below the 100-DMA ($1300.8) Monday with initial support now noted at Monday’s low. The $1311.3-1324.8 region remains key resistance with a close above the 21-DMA to hint at further topside and a close above $1324.8 confirming a shift in focus back to the $1345.3 July 10 high
RES 4: $1324.8 – High July 17
RES 3: $1318.1 – High July 21
RES 2: $1314.1 – 21-DMA
RES 1: $1311.3 – High July 23
LPRICE: $1305.7
SUP 1: $1300.9 – Low July 28
SUP 2: $1286.0 – 200-DMA
SUP 3: $1280.5 – 61.8% Fibonacci 1240.5-1345.3
SUP 4: $1259.9 – Low June 17