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Finding Support Ahead Of 200-DMA *RES....>

GOLD TECHS: Finding Support Ahead Of 200-DMA
*RES 4: $1291.1 - Hourly resistance Oct 19 
*RES 3: $1283.7 - High Oct 24 
*RES 2: $1281.1 - 21-DMA 
*RES 1: $1275.0 - 100-DMA
*PRICE: $1273.6 @ 2030GMT
*SUP 1: $1262.2 - Bollinger band base 
*SUP 2: $1260.6 - Low Oct 6 
*SUP 3: $1259.6 - 200-DMA 
*SUP 4: $1248.7 - Daily Bull channel base
*COMMENTARY: Bears take comfort from a close below the 100-DMA that confirmed
focus on $1243.8-1260.6 where the 200-DMA and channel base are situated. Bears
now need a close below $1243.8 to shift focus to $1194.9-1204.9 where July lows
are noted. Layers of resistance are weighing with bulls now needing a close
above $1283.7 to ease bearish pressure initially correct back to $1291.1-1297.0
where the 55-DMA is found.

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