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$1283.7 Resistance Key Today *RES 4:.....>

GOLD TECHS: $1283.7 Resistance Key Today
*RES 4: $1296.9 - 55-DMA 
*RES 3: $1291.1 - Hourly resistance Oct 19 
*RES 2: $1283.7 - High Oct 24 
*RES 1: $1281.1 - 21-DMA
*PRICE: $1274.8 @ 0145GMT
*SUP 1: $1268.7 - Alternating hourly support/resistance 
*SUP 2: $1262.4 - Bollinger band base 
*SUP 3: $1260.3 - 200-DMA 
*SUP 4: $1252.1 - Daily Bull channel base
*COMMENTARY: Hesitation ahead of the 200-DMA is less than ideal for bears who
are focused on $1243.8-1260.6 where the 200-DMA and channel base are situated.
Bulls continue to look for a close above $1283.7 to confirm a break of the
21-DMA, easing bearish pressure & initially correcting back to $1291.1-1296.9
where the 55-DMA is found. Bears now look for a close below the 200-DMA to add
weight to their case.

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