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Correcting After Rally Falters Below 9...>

GOLD TECHS
GOLD TECHS: Correcting After Rally Falters Below 9 Month Channel Top
*RES 4: $1340.5 Sep 11 high
*RES 3: $1334.5 Sep 14 high
*RES 2: $1327.6 Hourly recovery high Sep 15
*RES 1: $1319.6 Hourly resistance
*PRICE: $1315.5 @0945GMT
*SUP 1: $1304.7 Sep 18 low
*SUP 2: $1297.3 Aug 31 low
*SUP 3: $1292.3 Aug 11 high, now support
*SUP 4: $1281.2 50% Fibo of $1204.8-$1357.7
*COMMENTARY* The pullback from the month's $1357.7 high has now reached down
below $1311.6, a 76.4% Fibo retrace of the most recent gains from the Aug 31 low
at $1297.3 and has also been trying to sustain a move beneath the 2 month rising
support line, at $1311.7 by time today. A low of $1304.7 so far, ahead of the
next downside attraction at $1297.3. In the interim, resistance comes from
$1319.6 but above $1327.6 needed for some near term respite.

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