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

GOLD TECHS: Bulls Need Close Above $1297.0

*RES 4: $1320.0 - High Sept 18 

*RES 3: $1313.6 - High Sept 26 

*RES 2: $1306.0 - High Oct 16 

*RES 1: $1297.0 - Hourly Nov 17

*PRICE: $1290.4 @ 1030GMT

*SUP 1: $1286.6 - Hourly support Nov 22 

*SUP 2: $1279.0 - Low Nov 22 

*SUP 3: $1274.9 - Low Nov 20 

*SUP 4: $1269.9 - Low Nov 14

*COMMENTARY: Bulls took comfort in the bounce from $1274.9 returning pressure to

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

the 55-DMA ($1287.9) and confirm focus on $1306.0-1320.0. Bears need a close

below $1286.6 to ease pressure on $1297.0 and below $1274.9 to shift pressure

back to $1259.8-1265.7 where the bull channel base and 200-DMA are noted.