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New Highs Posted *RES 4: $1300.0 -.......>

GOLD TECHS
GOLD TECHS: New Highs Posted
*RES 4: $1300.0 - Pivot area 
*RES 3: $1266.0 - High July 9 
*RES 2: $1256.2 - 200-dma 
*RES 1: $1244.3 - High Dec 6 
*PRICE: $1239.60 @ 05:20 GMT 
*SUP 1: $1202.0 - Up trendline from Aug low 
*SUP 2: $1196.3 - Low Nov 13 
*SUP 3: $1180.9 - Low Sep 28 
*SUP 4: $1160.4 - Low Aug 16 
Gold posted fresh highs yesterday after briefly breeching the Oct 26 to extend
the recovery. Yesterday's high at $1224.3 is now the upside target ahead of a
return to the 200-dma at $1256.2. Above here opens a return to the July 19 high.
Bears need to break below up trendline support from the August low which comes
in at $1202.0. Below here would reignite bearish momentum and open a run at the
Nov 13 lows and below.

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