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100-DMA Support Key Today *RES 4:........>

GOLD TECHS: 100-DMA Support Key Today
*RES 4: $1298.3 - Alternating hourly support/resistance 
*RES 3: $1296.3 - 55-DMA 
*RES 2: $1290.8 - Hourly resistance Oct 17 
*RES 1: $1284.4 - Hourly support Oct 18 now resistance
*PRICE: $1277.9 @ 2030GMT
*SUP 1: $1275.2 - 100-DMA 
*SUP 2: $1270.7 - Hourly support Oct 6 
*SUP 3: $1266.3 - Hourly resistance Oct 6 now support 
*SUP 4: $1260.6 - Low Oct 6
*COMMENTARY: Failure to gain traction above 21 & 55 ($1285.5 & 1296.3) DMAs has
resulted in further losses and immediate pressure on the 100-DMA. Bears need a
close below the 100-DMA to add weight to the case for a test of $1243.4-1260.1
where the daily bull channel base ($1245.3) and 200-DMA ($1257.5) are noted.
Bulls now need a close above $1290.8 to ease immediate bearish pressure and
above $1306.0 to pressure $1313.6-1320.0.

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