Holding Above The Range Base *RES 4:.....>

GOLD TECHS: Holding Above The Range Base

*RES 4: $1572.2 - 1.618 projection of Oct 1 - Oct 3 rally from Oct 11 low

*RES 3: $1557.3 - Trend high Sep 4

*RES 2: $1535.8 - High Sep 24

*RES 1:$1519.8 - High Oct 3 and key near-term resistance

*PRICE: $1491.8 @ 06:37 GMT Nov 7

*SUP 1: $1479.2 - Low Nov 5

*SUP 2: $1473.9 - Low Oct 11 and range base

*SUP 3: $1459.0 - Low Oct 1 and bear trigger

*SUP 4: $1436.8 - Low Aug 5

Gold traded lower Tuesday but has yet to follow through. The yellow metal

remains within its recently defined range between $1519.8, Oct 3 high and

$1473.8, Oct 11 low. A breach of the range base would trigger a stronger slide

and open the key support at $1459.0, Oct 1 low. A move through this support is

needed to confirm a resumption of the downtrend. On the upside, bulls need to

see a break of $1519.8 to get excited once again.