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Reaches Higher, But Unable To Overcome...>

GOLD TECHS
GOLD TECHS: Reaches Higher, But Unable To Overcome $1296.1 Resistance 
*RES 4: $1309.2 50% Fibo of $1357.7-$1260.7
*RES 3: $1306.1 Oct 16 high
*RES 2: $1296.1 76.4% Fibo of $1306.1-$1263.8
*RES 1: $1290.1 Hourly resistance
*PRICE: $1278.1 @1715GMT
*SUP 1: $1275.2 Nov 16 low
*SUP 2: $1269.9 Nov 14 low
*SUP 3: $1263.8 Oct 27 low
*SUP 4: $1260.7 Oct 6 low
*COMMENTARY* The move below the key $1271.8 support was brief and quickly
reversed last Tuesday. The subsequent recovery has resulted in a break on
Friday, above near term Fibo resistance at $1289.9. This now sees the 76.4% Fibo
level at $1296.1 as the next obstacle to surmount, if the rally is set to
continue. In the interim, $1284.4-$1280.0 support has been lost, once again
leaving $1275.2 to defend the downside against another assault. 

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