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Bulls Keep Focus On $1229 *RES 4:.......>

GOLD TECHS
GOLD TECHS: Bulls Keep Focus On $1229 
*RES 4: $1300.0 - Pivot area 
*RES 3: $1257.8 - 200-dma 
*RES 2: $1243.5 - High Oct 26 
*RES 1: $1229.0 - High Nov 29 
*PRICE: $1226.4 @ 06:15 GMT 
*SUP 1: $1202.0 - Up trendline from Aug low 
*SUP 2: $1196.3 - Low Nov 13 
*SUP 3: $1180.9 - Low Sep 28 
*SUP 4: $1160.4 - Low Aug 16 
Gold is once again looking to break above down trendline resistance from the Oct
26 high with a close above $1229 needed to shift the outlook bullish. Above here
opens the Nov 21 high at $1230.1 ahead of return to the Oct 26 highs at $1243.5.
Bears need to break below up trendline support from the August low which comes
in at $1202.0. Below here would reignite bearish momentum and open a run at the
Nov 13 lows and below.

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