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Immediate Focus On 200-DMA *RES 4:.......>

GOLD TECHS: Immediate Focus On 200-DMA
*RES 4: $1291.1 - Hourly resistance Oct 19 
*RES 3: $1283.7 - High Oct 24 
*RES 2: $1280.8 - 21-DMA 
*RES 1: $1270.7 - Hourly support Oct 6 now resistance
*PRICE: $1267.2 @ 0240GMT
*SUP 1: $1261.4 - Bollinger band base 
*SUP 2: $1260.6 - Low Oct 6 
*SUP 3: $1259.6 - 200-DMA 
*SUP 4: $1248.7 - Daily Bull channel base
*COMMENTARY: Bears take comfort from a close below the 100-DMA that confirms
focus on $1243.8-1260.6 where the 200-DMA and channel base are situated. Bears
now need a close below $1243.8 to shift focus to $1194.9-1204.9 where July lows
are noted. Layers of resistance are weighing with bulls now needing a close
above $1283.7 to ease bearish pressure and hint at a correction back to
$1291.1-1296.9 where the 55-DMA is found.

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