Maintains A Bearish Bias *RES 4:.........>

GOLD TECHS: Maintains A Bearish Bias

*RES 4: $1497.6 - Channel top drawn off Sep 4 high

*RES 3: $1492.2 - High Nov 7

*RES 2: $1478.9/80.9 - High Nov 20 / 50% of Nov 1 - Nov 12 decline

*RES 1: $1473.3 - High Nov 22

*PRICE: $1456.7 @ 06:54 GMT Nov 28

*SUP 1: $1450.1 - Low Nov 26

*SUP 2: $1445.7 - Low Nov 12 and bear trigger

*SUP 3: $1436.8 - Low Aug 5

*SUP 4: $1418.2 - Projected channel base drawn off Sep 4 high

Gold maintains a softer note having recently pulled back from last weeks $1478.9

high. The broader outlook is unchanged and remains bearish following this months

break of key support at $1474.1, Oct 11 low and $1459.1, Oct 1 low. The break of

the latter level confirmed a resumption of the decline that has been in place

since prices peaked at $1557.1 on Sep 3. Attention is on $1445.7, Nov 12 low and

the bear trigger. Resistance is at $1478.9.