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Bears Focused On 2017 Low *RES 4:........>

GOLD TECHS
GOLD TECHS: Bears Focused On 2017 Low
*RES 4: $1277.9 - Hourly resistance Dec 1 
*RES 3: $1269.9 - Low Nov 14 now resistance 
*RES 2: $1260.1 - Monthly Low Oct 6 now resistance 
*RES 1: $1252.4 - High Dec 8
*PRICE: $1244.2 @ 0430GMT
*SUP 1: $1227.8 - Low July 17 
*SUP 2: $1214.0 - Low July 12 
*SUP 3: $1209.4 - Daily Bear channel base (Oct 6 Low) 
*SUP 4: $1204.7 - Monthly Low July 10
*COMMENTARY: Pressure on $1243.4 took its toll with initial focus shifting to
$1180.6-1214.0 where the bear channel base and monthly lows are situated. O/S
studies and Bollinger base ($1237.2) are key concerns for bears. Bulls look for
a close above $1252.4 to ease immediate bearish pressure and above $1269.9 to
shift focus back to $1274.8-1286.2 where DMAs and bear channel top are noted.

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