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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: $1306.1 Oct 16 high
*RES 3: $1296.1 76.4% Fibo of $1306.1-$1263.8
*RES 2: $1290.1 Hourly base Nov 17, now resistance
*RES 1: $1283.2 Hourly resistance
*PRICE: $1280.2 @0833GMT
*SUP 1: $1274.6 Nov 20 low
*SUP 2: $1269.9 Nov 14 low
*SUP 3: $1263.8 Oct 27 low
*SUP 4: $1260.7 Oct 6 low
*COMMENTARY* Failed to break above the 76.4% Fibo retrace level at $1296.1 last
Friday, the subsequent fallout gaining pace, after the move back below $1289.9.
A low of $1274.6 seen yesterday, slightly below the preferred $1275.2 support.
Oversold as a result of this two day fall, so looking to $1283.2 for initial
clues, $1290.1 on any break higher. Below $1274.6 would concern and return
pressure to the base of the recent range, above the Oct 6 low at $1260.7.

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