Bulls Need To Close Above $1229 *RES.....>

GOLD TECHS: Bulls Need To Close Above $1229

*RES 4: $1300.0 - Pivot area 

*RES 3: $1258.9 - 200-dma 

*RES 2: $1243.5 - High Oct 26 

*RES 1: $1229.0 - High Nov 29 

*PRICE: $1225.1 @ 05:40 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 failed to consolidate gains above down trendline resistance from the Oct 26

high yesterday and now need to close the week above $1229 to shift the outlook

bullish. Above here if confirmed by a close above the Nov 21 high of $1230.1,

would target 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.