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$1304.6-1320.0 Resistance Region Key.....>

GOLD TECHS
GOLD TECHS: $1304.6-1320.0 Resistance Region Key
*RES 4: $1320.0 - High Sept 18 
*RES 3: $1316.0 - High Sept 20 
*RES 2: $1309.9 - Hourly support Sept 20 now resistance 
*RES 1: $1304.6 - Low Sept 18 now resistance
*PRICE: $1297.4 @ 0430GMT
*SUP 1: $1288.0 - Low Sept 21 
*SUP 2: $1283.9 - Bollinger band base 
*SUP 3: $1281.4 - 55-DMA 
*SUP 4: $1267.5 - 100-DMA
*COMMENTARY: Bears have so far failed to capitalise on the close below $1294.4
and focus shifting to 55 & 100-DMAs ($1268.2-1283.0) with it regaining some lost
ground in Asia. O/S studies and the Bollinger base are concerns for bears.
Initial resistance is noted at $1304.6 with bulls needing a close above to ease
immediate bearish pressure and above $1320.0 to shift focus to $1334.8-1342.1.

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