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

GOLD TECHS
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.

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