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21-DMA Now Supporting *RES 4: $1342.1....>

GOLD TECHS
GOLD TECHS: 21-DMA Now Supporting
*RES 4: $1342.1 - Hourly support Sept 8 now resistance A 
*RES 3: $1334.8 - High Sept 13 
*RES 2: $1320.0 - High Sept 18 
*RES 1: $1313.6 - High Sept 26
*PRICE: $1295.6 @ 0930GMT
*SUP 1: $1284.5 - Low Oct 11 
*SUP 2: $1277.6 - Hourly resistance Oct 6 now support 
*SUP 3: $1270.7 - Hourly support Oct 6 
*SUP 4: $1266.3 - Hourly resistance Oct 6 now support
*COMMENTARY: The 21-DMA is currently supporting and providing the impetus for a
break above $1296.4 with bulls now looking for a close above to confirm a shift
in focus to $1313.6-1320.0. Bears now look for a close below the 21-DMA to ease
immediate bullish pressure whereas a close below $1284.5 is needed to add weight
to the case for a move back to $1260.5 Oct 5 lows.

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