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Focus Back On Key Supports *RES 4:.......>

GOLD TECHS
GOLD TECHS: Focus Back On Key Supports
*RES 4: $1306.0 - High Oct 16 
*RES 3: $1297.0 - Hourly Nov 17 
*RES 2: $1290.1 - Hourly resistance Nov 20 
*RES 1: $1281.1 - Alternating hourly support/resistance
*PRICE: $1279.5 @ 0235GMT
*SUP 1: $1274.9 - Low Nov 20 
*SUP 2: $1269.9 - Low Nov 14 
*SUP 3: $1264.8 - 200-DMA 
*SUP 4: $1260.1 - Monthly Low Oct 6
*COMMENTARY: Bulls failed to capitalise on Friday's close above the 55-DMA with
Friday's gains erased, gold looking heavy once more and focus back on the daily
bull channel base and 200-DMA. Bulls now look for a close above $1297.0 to
confirm a break of the 55-DMA ($1290.4) and confirm focus on $1306.0-1320.0.
Bears look for a close below the channel base to hint at a move back to July
lows ($1204.6).

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