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Bulls Now Need Close Above $1296.4.......>

GOLD TECHS
GOLD TECHS: Bulls Now Need Close Above $1296.4
*RES 4: $1296.4 - High Sept 27 
*RES 3: $1294.8 - 21-DMA 
*RES 2: $1293.3 - 55-DMA 
*RES 1: $1290.3 - High Sept 29
*PRICE: $1286.5 @ 0430GMT
*SUP 1: $1277.6 - Hourly resistance Oct 6 now support 
*SUP 2: $1270.7 - Hourly support Oct 6 
*SUP 3: $1266.3 - Hourly resistance Oct 6 now support 
*SUP 4: $1260.5 - Low Oct 6
*COMMENTARY: The lack of follow through on 2mth lows Friday was less than ideal
given daily studies looking to correct from O/S adding support to the case for a
correction. Bulls again look for a close above $1296.4 to shift initial focus
back to $1313.6-1320.0. Initial support is noted at $1277.6 with bears needing a
close below to retain focus on $1241.4-1253.7 where the bull channel base and
200-DMA are situated.

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