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$1250 Acts As Resistance *RES 4:.........>

GOLD TECHS
GOLD TECHS: $1250 Acts As Resistance
*RES 4: $1300.0 - Pivot area 
*RES 3: $1267.0 - Trend channel top 
*RES 2: $1266.0 - High July 9 
*RES 1: $1255.0 - 200-dma 
*PRICE: $1243.9 @ 05:55 GMT 
*SUP 1: $1220.0 - Up trendline from Aug low 
*SUP 2: $1196.3 - Low Nov 13 
*SUP 3: $1180.9 - Low Sep 28 
*SUP 4: $1160.4 - Low Aug 16 
Gold is struggling break above the $1250 level after Monday's failure to cling
to gains above here. Above here would open the 200-dma at $1255.0, above which
would strengthen the bullish trend and open the July 9 high at $1266.0. Bears
need to break below up trendline support from the August low which comes in at
$1220.0. Below here would reignite bearish momentum and open a run at the Nov 13
lows and below.

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