Focus Remains On Support

• RES 4: $1992.5 - High Sep 1
• RES 3: $1973.6 - High Sep 16 and a key near-term resistance
• RES 2: $1955.7 - High Sep 21
• RES 1: $1933.3 - High Oct 12 and the bull trigger
• PRICE: $1908.6 @ 06:58 BST Oct 19
• SUP 1: $1882.5 - Low Oct 14
• SUP 2: $1873.0 - Low Oct 7 and key near-term support
• SUP 3: $1848.8 - Low Sep 28 and the bear trigger
• SUP 4: $1841.2 - Low Jul 22

Gold is consolidating. Attention is on support at $1873.0, Oct 7 low following the recent pullback from $1933.3, Oct 12 high. A break of the support is required to suggest scope for a deeper pullback that would expose the key level at $1848.8, Sep 28 low. This latter level also represents the bear trigger. On the upside, clearance of $1933.3, Oct 12 high would resume recent bullish pressure.