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Hovering Channel Resistance *RES 4:......>

GOLD TECHS
GOLD TECHS: Hovering Channel Resistance
*RES 4: $1518.0 - High Oct 25
*RES 3: $1510.0 - High Nov 5
*RES 2: $1494.3 - High Nov 6
*RES 1: $1483.0/86.8 - Channel top drawn off Sep 4 high / High Dec 12
*PRICE: $1476.2 @ 06:47 GMT Dec 19
*SUP 1: $1458.8 - Low Dec 6 and 9
*SUP 2: $1450.1 - Low Nov 26
*SUP 3: $1445.7 - Low Nov 12 and bear trigger
*SUP 4: $1436.8 - Low Aug 5
Gold is unchanged and continues to trade below the bear channel resistance drawn
off the Sep 4 high that intersects at $1483.0 today. A break of the channel
resistance is required to signal a stronger bullish theme as well as a potential
reversal. While it holds, the focus is on the downside, a breach of $1458.8, low
Dec 6 and 9 would open $1450.1, low Nov 26 ahead of the bear trigger at $1445.7,
low Nov 12.

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