Bears Need Close Below $1284.5 *RES 4:...>

GOLD TECHS: Bears Need Close Below $1284.5

*RES 4: $1334.8 - High Sept 13 

*RES 3: $1320.0 - High Sept 18 

*RES 2: $1313.6 - High Sept 26 

*RES 1: $1297.3 - High Oct 12

*PRICE: $1293.6 @ 2030GMT

*SUP 1: $1289.6 - Low Oct 12 

*SUP 2: $1284.5 - Low Oct 11 

*SUP 3: $1277.6 - Hourly resistance Oct 6 now support 

*SUP 4: $1270.7 - Hourly support Oct 6

*COMMENTARY: The break of $1296.4 has so far lacked follow through which is less

than ideal for bulls who are now targeting $1313.6-1320.0. Support layers are

building with bears now needing a close below $1284.5 to confirm an easing of

bullish pressure and below $1277.6 to shift focus back to $1243.1-1260.5 where

the 200-DMA and bull channel base are situated. Bulls now need a close above

$1297.3 to add support to their case.