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Pressure On Channel Base & 200-DMA.......>

GOLD TECHS
GOLD TECHS: Pressure On Channel Base & 200-DMA
*RES 4: $1299.1 - High Nov 27 
*RES 3: $1293.6 - Hourly support Nov 29 now resistance 
*RES 2: $1288.4 - Hourly resistance Nov 29 
*RES 1: $1285.4 - High Nov 30
*PRICE: $1274.8 @ 2030GMT
*SUP 1: $1269.9 - Low Nov 14 
*SUP 2: $1267.9 - Bollinger band base 
*SUP 3: $1266.6 - 200-DMA 
*SUP 4: $1263.4 - Daily Bull channel base
*COMMENTARY: Pressure on the 21-DMA ($1282.2) took its toll with a break below
that sees immediate focus back on the $1260.2-1269.9 region where the 200-DMA.
bull channel base off Dec 20 2916 lows and Bollinger base are situated. Bears
now need a close below $1243.4 to confirm focus on retests of 2017 lows. Daily
studies are well placed for a fresh leg lower. Bulls need a close above $1288.4
to ease bearish pressure.

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