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Below $1243.4 Confirms Focus on 2017.....>

GOLD TECHS
GOLD TECHS: Below $1243.4 Confirms Focus 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: $1247.8 @ 2030GMT
*SUP 1: $1243.4 - Low July 26 
*SUP 2: $1227.8 - Low July 17 
*SUP 3: $1214.0 - Low July 12 
*SUP 4: $1211.5 - Daily Bear channel base (Oct 6 Low)
*COMMENTARY: Having remained capped ahead of $1269.9 Wednesday the sharp
sell-off sees immediate pressure on $1243.4. Bears need a close below to confirm
focus on tests of 2017 lows. Modestly O/S daily studies remain a concern for
bears. Bulls need a close above $1260.1 to ease bearish pressure and above
$1269.9 to shift focus back to $1278.1-1288.3 where DMAs and bear channel top
are noted.

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