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$1249.2-1256.5 Support Key Today *RES....>

GOLD TECHS: $1249.2-1256.5 Support Key Today
*RES 4: $1281.0 - Daily Bear channel top 
*RES 3: $1277.9 - Hourly resistance Dec 1 
*RES 2: $1275.8 - 55-DMA 
*RES 1: $1269.9 - Low Nov 14 now resistance
*PRICE: $1265.2 @ 2030GMT
*SUP 1: $1256.5 - Hourly support Dec 18 
*SUP 2: $1249.2 - Hourly breakout level Dec 13 
*SUP 3: $1240.2 - Low Dec 13 
*SUP 4: $1235.9 - Low Dec 12
*COMMENTARY: Correcting O/S studies provided the impetus for a correction back
towards layers of resistance $1269.9-1289.5 where DMAs and bear channel top are
noted. Layers of support have accumulated with bears needing a close below
$1256.5 to gain breathing room, below $1249.2 to shift immediate focus to
$1235.9 and overall focus to $1204.6-1214.0. Bulls need a close above $1269.9 to
add to confidence.

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