Fall Now Approaches $1264.3-$1260.7......>

GOLD TECHS: Fall Now Approaches $1264.3-$1260.7 Support

*RES 4: $1291.5 Oct 18 high

*RES 3: $1286.1 Oct 23 high

*RES 2: $1282.5 Oct 26 high

*RES 1: $1277.3 Hourly resistance

*PRICE: $1268.2 @1003GMT

*SUP 1: $1264.3 Hourly support

*SUP 2: $1260.7 Oct 9 low

*SUP 3: $1251.7 Aug 8 low

*SUP 4: $1245.9 2017 bull channel base

*COMMENTARY* The $1271.4 support level has finally given way, below which there

is some minor support from around $1264.3 to consider next. Loss here will once

again put the key Oct 9 low at $1260.7 in the spotlight. As a result, resistance

now comes from $1277.3 and then Thursday's $1282.5 high. Need back above the

latter before the near term outlook can improve. Below $1260.7 would suggest

there is eventual scope for a deeper $1245.9-$1240.9 fall.