Bulls Need Close Above $1297.0 *RES 4:...>

GOLD TECHS: Bulls Need Close Above $1297.0

*RES 4: $1306.0 - High Oct 16 

*RES 3: $1297.0 - Hourly Nov 17 

*RES 2: $1290.1 - Hourly resistance Nov 20 

*RES 1: $1284.8 - High Nov 21

*PRICE: $1280.4 @ 0255GMT

*SUP 1: $1274.9 - Low Nov 20 

*SUP 2: $1269.9 - Low Nov 14 

*SUP 3: $1265.1 - 200-DMA 

*SUP 4: $1260.1 - Monthly Low Oct 6

*COMMENTARY: Bulls failed to capitalise on Friday's close above the 55-DMA

($1289.4) with focus back on the daily bull channel base ($1258.66) and 200-DMA.

Bulls continue to look for a close above $1297.0 to confirm a break of the

55-DMA and confirm focus on $1306.0-1320.0. Bears continue to look for a close

below the channel base to hint at a move back to July lows ($1204.6) with below

$1243.5 confirming.