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Focus On 200-DMA & Channel Base *RES.....>

GOLD TECHS
GOLD TECHS: Focus On 200-DMA & Channel Base
*RES 4: $1299.8 - Bollinger band top 
*RES 3: $1295.8 - 55-DMA 
*RES 2: $1291.1 - Hourly resistance Oct 19 
*RES 1: $1284.1 - High Nov 2
*PRICE: $1269.5 @ 0430GMT
*SUP 1: $1265.2 - Low Nov 3 
*SUP 2: $1261.8 - 200-DMA 
*SUP 3: $1260.6 - Monthly Low Oct 6 
*SUP 4: $1252.0 - Daily Bull channel base
*COMMENTARY: Hesitation ahead of the 200-DMA continues which is less than ideal
for bears although failures around the 21-DMA ($1280.9) provide bears comfort
and retain focus on $1243.8-1252.0 where the channel base is noted. Bulls need a
close above $1284.1 to shift initial focus to $1291.1-1295.8 where the 55-DMA is
found. Bears need a close below the 200-DMA to add weight to their case.

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