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Bulls Need Close Above $1236.6 * Bears...>

GOLD TECHS
GOLD TECHS: Bulls Need Close Above $1236.6
* Bears take comfort in the topside failure around the 200-WMA to start the new
week with gold remaining offered as a result. 
* Bulls still need a close above $1236.6 to gain breathing room and above
$1260.2 to return initial focus to $1270.5-1272.6 where the 100-WMA is noted. 
* Bears remain focused on $1204.6 while $1236.6 caps. 
* O/S daily studies and the Bollinger base ($1218.3) remain concerns for bears
with potential to limit follow through.

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