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Recovers After Move Toward Range Base....>

GOLD TECHS
GOLD TECHS: Recovers After Move Toward Range Base And Key Channel Support
*RES 4: $1306.1 Oct 16 high
*RES 3: $1299.3/7 Nov 27 high, hourly resistance
*RES 2: $1292.5 Hourly base Nov 27, now resistance
*RES 1: $1289.3 Hourly resistance
*PRICE: $1282.3 @1803GMT
*SUP 1: $1274.9 Hourly support
*SUP 2: $1269.9 Nov 14 low
*SUP 3: $1263.8 Oct 27 low
*SUP 4: $1259.6 2017 bull channel support line
*COMMENTARY* Unable to make a break through the top of the recent range, being
capped by $1299.3-$1299.7 resistance. The subsequent fall back within the range
has been swift, leaving $1269.9-$1263.8 as the protection to the 2017 bull
channel base at $1259.6. Have to hold the latter or overall bias will swing back
to the downside and further corrections of gains initially from $1204.8 and
potentially from $1122.6. Resistance $1289.3-$1292.5.

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