Continued $1276.2 Hold Imperative To.....>

GOLD TECHS: Continued $1276.2 Hold Imperative To Recovery Hopes

*RES 4: $1306.1 Oct 16 high

*RES 3: $1299.0 Congestion area Oct 13-Oct 16

*RES 2: $1291.5 Oct 18 high

*RES 1: $1288.6 Hourly resistance

*PRICE: $1282.5 @1343GMT

*SUP 1: $1276.2 Oct 19 low

*SUP 2: $1260.7 Oct 9 low

*SUP 3: $1251.7 Aug 8 low

*SUP 4: $1243.2 76.4% Fibo of $1204.8-$1357.7

*COMMENTARY* Trying to bounce following the hold of $1276.2 support this week.

The $1291.5 level proving obstinate at present. Will need to sustain gains back

through here, before the chance of seeing a challenge to the higher $1299.0

level, through which is needed to switch near term bias back to the topside. As

a result, support from that $1276.2 must now hold, else likely looking at a

renewed downside attempt on $1260.7.