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Bears Need Close Below 100-DMA *RES 4:...>

GOLD TECHS
GOLD TECHS: Bears Need Close Below 100-DMA
*RES 4: $1306.0 - High Oct 16 
*RES 3: $1298.3 - Alternating hourly support/resistance 
*RES 2: $1297.0 - 55-DMA 
*RES 1: $1291.1 - Hourly resistance Oct 19
*PRICE: $1280.8 @ 0930GMT
*SUP 1: $1275.4 - 100-DMA 
*SUP 2: $1270.7 - Hourly support Oct 6 
*SUP 3: $1266.3 - Hourly resistance Oct 6 now support 
*SUP 4: $1260.6 - Low Oct 6
*COMMENTARY: Pressure on the 100-DMA has so far failed to produce the close
below needed to see bears confirm focus on tests of $1243.4-1260.1 where the
daily bull channel base ($1245.9) and 200-DMA ($1257.9) are noted. Bulls now
look for a close above $1291.1to ease immediate bearish pressure and above
$1306.0 to pressure $1313.6-1320.0, Daily studies remain well placed for further
losses.

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