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Back On The Front Foot *RES 4: $1300.0...>

GOLD TECHS
GOLD TECHS: Back On The Front Foot
*RES 4: $1300.0 - Pivot area 
*RES 3: $1270.0 - Trend channel top 
*RES 2: $1266.0 - High July 9 
*RES 1: $1253.4 - 200-dma 
*PRICE: $1246.6 @ 06:22 GMT Dec 18 
*SUP 1: $1220.0 - Up trendline support from Aug low 
*SUP 2: $1196.3 - Low Nov 13 
*SUP 3: $1180.9 - Low Sep 28 
*SUP 4: $1160.4 - Low Aug 16 
Gold's pullback was short lived yesterday as the metal resumes its footing to
return the focus to the $1250/200-dma area. Above here would solidify the
uptrend opening the July 19 high ahead of channel top resistance. Bears need to
break below up trendline support from the August low which comes in at $1220.0.
Below here would reignite bearish momentum and open a run at the Nov 13 lows.

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