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Bulls Still Need Close Above $1297.0.....>

GOLD TECHS
GOLD TECHS: Bulls Still 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: $1289.1 @ 0430GMT
*SUP 1: $1285.8 - Low Nov 24 
*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 traction
above the 55-DMA ($1286.8) and focus on $1306.0-1320.0. Bears now need a close
below $1285.8 to ease pressure on $1297.0 and below $1274.9 to shift pressure
back to $1260.2-1265.7 where the bull channel base and 200-DMA are noted.

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