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Focus Turns To The Channel Resistance....>

GOLD TECHS
GOLD TECHS: Focus Turns To The Channel Resistance
*RES 4: $1516.1 - High Nov 1
*RES 3: $1510.0 - High Nov 5
*RES 2: $1494.3 - High Nov 6
*RES 1: $1493.7 - Channel top drawn off Sep 4 high
*PRICE: $1482.5 @ 07:13 GMT Dec 4
*SUP 1: $1450.1 - Low Nov 26
*SUP 2: $1445.7 - Low Nov 12 and bear trigger
*SUP 3: $1436.8 - Low Aug 5
*SUP 4: $1415.0 - Projected channel base drawn off Sep 4 high
Gold rebounded yesterday and traded above resistance at $1478.9, Nov 20 high.
This has for now put on hold a bearish focus and attention turns to the $1493.7
bear channel top drawn off the Sep 4 high. A break of the channel top is
required signal a stronger bullish theme and also a potential reversal of the
decline that has been in place Sep 4. On the downside, a move lower and a break
of $1450.1 would expose the bear trigger at $1445.7.

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