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Bears Need Close Below $1277.6 *RES 4:...>

GOLD TECHS
GOLD TECHS: Bears Need Close Below $1277.6
*RES 4: $1309.3 - Bollinger band top 
*RES 3: $1306.0 - High Oct 16 
*RES 2: $1298.3 - Alternating hourly support/resistance 
*RES 1: $1290.8 - Hourly resistance Oct 17
*PRICE: $1287.1 @ 0430GMT
*SUP 1: $1281.2 - Low Oct 17 
*SUP 2: $1277.6 - Hourly resistance Oct 6 now support 
*SUP 3: $1275.2 - 100-DMA 
*SUP 4: $1270.7 - Hourly support Oct 6
*COMMENTARY: Bulls have so far failed to gain traction above 21 & 55 ($1287.0 &
1296.3) DMAs with Tuesday's sell-off continuing to work through support layers.
The $1277.6 support remains key with a close below needed to shift focus back to
$1244.8-1260.5 where the 200-DMA ($1257.1) and bull channel base are situated.
Bulls now need a close above $1298.3 to retain focus on $1306.0-1320.0.

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