Channel Resistance Still Intact *RES.....>

GOLD TECHS: Channel Resistance Still Intact

*RES 4: $1510.0 - High Nov 5

*RES 3: $1494.3 - High Nov 6

*RES 2: $1490.9 - Channel top drawn off Sep 4 high

*RES 1: $1484.1 - High Dec 4

*PRICE: $1471.6 @ 06:34 GMT Dec 6

*SUP 1: $1450.1 - Low Nov 26

*SUP 2: $1445.7 - Low Nov 12 and bear trigger

*SUP 3: $1436.8 - Low Aug 5

*SUP 4: $1413.3 - Projected channel base drawn off Sep 4 high

Gold appears to have stalled at Wednesday's high of $1484.1. The near-term focus

however remains on the $1490.9 bear channel top drawn off the Sep 4 high. A

break of this channel resistance is required to signal a stronger bullish theme

and also a potential reversal of the decline that has been in place since Sep 4.

On the downside, a move lower and a break of $1450.1 would expose the bear

trigger at $1445.7 and signal a resumption of the downtrend.