$1289.9 Fibo Resistance Again Bars The...>

GOLD TECHS: $1289.9 Fibo Resistance Again Bars The Way Higher

*RES 4: $1306.1 Oct 16 high

*RES 3: $1296.1 76.4% Fibo of $1306.1-$1263.8

*RES 2: $1291.5 Oct 18 high

*RES 1: $1289.9 61.8% Fibo of $1306.1-$1263.8

*PRICE: $1278.0 @1101GMT

*SUP 1: $1273.8 Hourly support

*SUP 2: $1269.9 Nov 14 low

*SUP 3: $1265.5 Nov 3 low

*SUP 4: $1263.8 Oct 27 low

*COMMENTARY* The move below the key $1271.8 support was brief and quickly

reversed on Tuesday. Wednesday's further rise above $1284.3 also encouraged, as

we move back up the recent range. Through here and then the $1289.9 Fibo level

once again becomes the marker to cross, before the upside is released to make

further inroads into the losses sustained since last month's $1306.1 high.

Meanwhile, $1273.8 support should hold any setbacks or caution advised again.