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, 55-DMA

*PRICE: $1285.0 @ 0430GMT

*SUP 1: $1281.8 - Hourly support Sept 28 

*SUP 2: $1277.6 - Low Sept 28 

*SUP 3: $1275.0 - Low Aug 25 

*SUP 4: $1271.6 - 100-DMA

*COMMENTARY: Bears take comfort in consolidation below the 55-DMA although the

bounce from the Thurs lows combined with studies looking to correct from O/S is

less than ideal. Bulls now need a close above $1296.4 to gain breathing room and

above $1320.0 to shift focus higher. While $1296.4 caps bears remain focused on

$1265.3-1275.0 where the 100-DMA is noted. Below $1265.3 is needed to confirm

focus on $1236.9-1250.0 where the 200-DMA and bull channel base are situated.