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$1282.5-$1286.1 Resistance After Test....>

GOLD TECHS: $1282.5-$1286.1 Resistance After Test Of $1271.4 Support
*RES 4: $1299.0 Congestion area Oct 13-Oct 16
*RES 3: $1291.5 Oct 18 high
*RES 2: $1286.1 Oct 23 high
*RES 1: $1282.5 76.4% Fibo of $1286.1-$1271.0
*PRICE: $1278.0 @0935GMT
*SUP 1: $1271.0 Oct 25 low
*SUP 2: $1260.7 Oct 9 low
*SUP 3: $1251.7 Aug 8 low
*SUP 4: $1245.9 2017 bull channel base
*COMMENTARY* The $1271.4 support level is coming under pressure, below which
there is some minor support from around $1264.3 to consider next. Loss here will
once again put the key Oct 9 low at $1260.7 back under pressure. As a result,
resistance now comes from $1281.4 and then the Oct 23 high at $1286.1. Need back
above the latter before the near term outlook can improve. Below $1260.7 would
caution and suggest there is eventual scope for a deeper $1245.9-$1240.9 fall.

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