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GOLD TECHS: Fall Holding Above Key $1260.7 Support
*RES 4: $1291.5 Oct 18 high
*RES 3: $1286.1 Oct 23 high
*RES 2: $1282.6 Oct 26 high
*RES 1: $1278.2 Hourly resistance
*PRICE: $1271.9 @1045GMT
*SUP 1: $1263.8 Oct 27 low
*SUP 2: $1260.7 Oct 9 low
*SUP 3: $1251.7 Aug 8 low
*SUP 4: $1248.6 2017 bull channel base
*COMMENTARY* The $1271.4 support level gave way last week, resulting in a low of
$1263.8 on Friday, just ahead of the next key level, the Oct 9 low at $1260.7.
As a result, resistance now comes from $1278.2 and then Thursday's $1282.6 high.
Still need back above the latter before the near term outlook can improve. Below
$1260.7 would suggest there is eventual scope for a deeper $1248.6-$1240.9 fall.