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Giving Back Some Gains *RES 4: $1326.0...>

GOLD TECHS
GOLD TECHS: Giving Back Some Gains
*RES 4: $1326.0 - High May 11 
*RES 3: $1300.0 - Pivot area 
*RES 2: $1268.7 - 200-dma 
*RES 1: $1243.5 - High Oct 26 
*PRICE: $1230.0 @ 06:06 GMT 
*SUP 1: $1212.0 - Low Oct 31 
*SUP 2: $1208.2 - 55-dma 
*SUP 3: $1180.9 - Sep 28 
*SUP 4: $1160.4 - Low Aug 16 
Gold is giving back some of its gains from Thursday's rally after failing to
break out into a higher range. The Oct 26 high at $1243.5 acts as resistance, a
break of which would target the 200-dma at $1268.7 and the $1300 pivot area. On
the downside, a break below the Oct 31 low at $1212 is needed to return the
focus lower and open the 55-dma at $1208.2.

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