GOLD TECHS: Possible Reversal

* RES 4: $4520.6 - 61.8% retracement of the Aug 25 - Sep 16 bear leg * RES 3: $4510.9 - High Sep 3 * RES 2: $4466.2 - 50.0% retracement of the Aug 25 - Sep 16 bear leg * RES 1: $4411.8 - 38.2% retracement of the Aug 25 - Sep 16 bear leg * PRICE: $4329.1 @ 07:18 BST Sep 23 * SUP 1: $4235.6 - Low Sep 16 and the bear trigger * SUP 2: $4231.1 - 61.8% retracement of the Jun 30 - Aug 25 bull leg * SUP 3: $4166.1 - High Jul 22 * SUP 4: $4121.1 - 76.4% retracement of the Jun 30 - Aug 25 bull leg Recent gains in Gold resulted in a break of both the 20- and 50-day EMAs. This is potentially an early reversal signal and if correct, an indication that the recent corrective bear cycle may be over. A resumption of gains would open $4411.8 and $4466.2, Fibonacci retracement points. Key short-term support has been defined at $4235.6, the Sep 16 low. Clearance of this level would instead confirm a resumption of the recent bear leg.