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Below $1285.8 To Ease Bullish Pressure...>

GOLD TECHS
GOLD TECHS: Below $1285.8 To Ease Bullish Pressure
*RES 4: $1320.0 - High Sept 18 
*RES 3: $1313.6 - High Sept 26 
*RES 2: $1306.0 - High Oct 16 
*RES 1: $1299.1 - High Nov 27
*PRICE: $1293.7 @ 0430GMT
*SUP 1: $1285.8 - Low Nov 24 
*SUP 2: $1279.0 - Low Nov 22 
*SUP 3: $1274.9 - Low Nov 20 
*SUP 4: $1269.9 - Low Nov 14
*COMMENTARY: The break of $1297.0 lacked follow through but with the 55-DMA
($1286.3) now supporting bullish focus shifts to $1306.0-1320.0. The Bollinger
top ($1296.8) is the key concern for bulls with potential to limit follow
through. Bears need a close below $1285.8 to ease bullish pressure and below
$1274.9 to shift pressure back to $1260.2-1266.3 where the bull channel base and
200-DMA are noted.

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