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Bears Focused On Channel Base &..........>

GOLD TECHS: Bears Focused On Channel Base & 200-DMA
*RES 4: $1296.4 - High Sept 27 
*RES 3: $1291.9 - 55-DMA 
*RES 2: $1290.3 - High Sept 29 
*RES 1: $1282.3 - High Oct 4
*PRICE: $1268.5 @ 0248GMT
*SUP 1: $1265.3 - High Aug 8 now support 
*SUP 2: $1252.4 - 200-DMA 
*SUP 3: $1249.9 - Monthly Low Aug 8 
*SUP 4: $1243.8 - Low July 26
*COMMENTARY: Bears took comfort in the rejection on the break above $1281.2 with
immediate focus on $1265.3. Bears look for a close below $1265.3 to confirm a
break of the 100-DMA ($1272.7) and shift focus to $1240.3-1252.4 where the bull
channel base and 200-DMA are situated. Bulls need a close above $1282.3 to gain
breathing room and above the 21-DMA ($1299.3) to shift initial focus back to

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