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: $1267.9 @ 0430GMT

*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.