Bias Back To Lower After Loss Of Key.....>

GOLD TECHS: Bias Back To Lower After Loss Of Key Supports

*RES 4: $1289.3 Dec 1 high

*RES 3: $1283.0 Hourly recovery high Nov 30

*RES 2: $1277.6 Dec 4 high

*RES 1: $1270.4 Nov 30 low

*PRICE: $1253.1 @1715GMT

*SUP 1: $1251.7 Aug 8 low

*SUP 2: $1242.5 1.618x $1299.3-$1270.4 from $1289.3

*SUP 3: $1240.9 76.4% Fibo of $1204.8-$1357.7

*SUP 4: $1232.6 1.618 swing of $1260.7-$1306.1

*COMMENTARY* Unable to make a break through the top of the recent range, being

capped by $1299.3-$1299.7 resistance. The subsequent fall back to the base of

the range and beyond has been swift. This has resulted in the loss of the 2017

bull channel base at $1262.3 and the Oct 2 low at $1260.7. This swings overall

bias back to the downside and further corrections of gains initially from

$1204.8 and potentially from $1122.6. Resistance $1270.4-$1277.6.