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Correcting Lower As Rally Falters........>

GOLD TECHS
GOLD TECHS: Correcting Lower As 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: $1316.2 Sep 20 high
*PRICE: $1296.4 @0947GMT
*SUP 1: $1297.3 Aug 31 low
*SUP 2: $1292.3 Aug 11 high, now support
*SUP 3: $1281.2 50% Fibo of $1204.8-$1357.7
*SUP 4: $1274.7 Aug 25 low
*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 broken beneath the 2 month rising support line, at
$1313.8 by time today. Currently support from the Aug 31 low at $1297.3 is under
assault, below which will allow a deeper $1292.3-$1281.2 fall next. Meanwhile,
resistance from yesterday's $1316.2 high prohibits recoveries at present.

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