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Closes Above Channel Top *RES 4:.........>

GOLD TECHS
GOLD TECHS: Closes Above Channel Top
*RES 4: $1306.1 - Monthly High Oct 16 
*RES 3: $1299.1 - Monthly High Nov 27 
*RES 2: $1289.5 - Monthly High Dec 1 
*RES 1: $1286.6 - 100-DMA
*PRICE: $1285.1 @ 1030GMT
*SUP 1: $1272.8 - Hourly support Dec 26 
*SUP 2: $1265.5 - 21-DMA 
*SUP 3: $1259.2 - Low Dec 19 
*SUP 4: $1256.5 - Hourly support Dec 18
*COMMENTARY: The recovery from Dec lows has resulted in closes above the 55-DMA
($1275.8) and bear channel top ($1276.7) with immediate focus on $1289.5 today.
Bulls look for a close above this level to hint at a move back to the
$1306.0-1320.0 region. Daily studies have a little room to move before O/B
becomes an issue. Bears now need a close below $1272.8 to ease bullish pressure
and below $1259.2 to shift focus back to $1235.9.

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