MNI SPOT GOLD TECHS: Gold Slides Through 3-Week Support Line RES 4: $1609.90 3-week resistance line RES 3: $1574.5/1575.8 Highs from May 2 & Apr 29 RES 2: $1561.50 Daily Bollinger band top RES 1: $1551.80 5-week resistance line CURRENT LEVEL: $1533.25 SUP 1: $1519.90 21-day moving average SUP 2: $1512.70 23.6% of Fibonacci $1309/1576 SUP 3: $1506.80 18-week support line SUP 4: $1495.70 55-day moving average COMMENTARY: Gold is sliding lower while daily studies also take a bearish slant. Current price action broke below a 3-week support line around the $1535 to $1536 mark. Further support expected around $1520.60 the 21-DMA, followed by the 23.6% Fibonacci at $1512.70. Daily RSI study broke a 3-week uptrend, stochastic remains in sell-mode and overbought territory and momentum nears the key zero-line.

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