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Overall Focus On $1236.9-1250.0 *RES.....>

GOLD TECHS: Overall Focus On $1236.9-1250.0
*RES 4: $1313.6 - High Sept 26 
*RES 3: $1304.6 - Alternating daily support/resistance 
*RES 2: $1296.4 - High Sept 27 
*RES 1: $1289.5 - Alternating daily support/resistance
*PRICE: $1283.6 @ 0245GMT
*SUP 1: $1275.0 - Low Aug 25 
*SUP 2: $1270.9 - 100-DMA 
*SUP 3: $1265.3 - High Aug 8 now support 
*SUP 4: $1250.0 - Low Aug 8
*COMMENTARY: The failure ahead of $1320.0 on the recovery from last week's low
has resulted in a sell-off and close below the 55-DMA ($1288.4) with immediate
pressure on $1265.3-1275.0 where the 100-DMA is noted. Bears now need a close
below $1265.3 to confirm focus on $1236.9-1250.0 where the 200-DMA and bull
channel base are situated. Bulls now need a close above $1296.4 to gain
breathing room and above $1320.0 to shift focus higher.

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