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Risk off sentiment through the markets ahead...>

GOLD: Risk off sentiment through the markets ahead of the European Central Bank
meeting means investors are seeking safe-havens, demand has crept up for gold
which was last up $2.77 at $1280.29. 
- Stocks saw a decline on the overnight supporting gold then a stream of mixed
earnings reports saw some taking of stock again, when the USD fell, demand for
gold crept up again.
- MNI technical analysis sees support at $1275.4 - Hourly support Oct 25 and
resistance at $1282.4 - 21-DMA. Yet another dip below the 100-DMA ($1275.1) has
again failed to produce the close below needed to see bears confirm focus on
tests of $1243.4-1260.1 where the daily bull channel base ($1248.1) and 200-DMA
($1259.4) are noted. Bulls now need a close above the 21-DMA to ease immediate
bearish pressure and above $1306.0 to confirm a break of the 55-DMA and
initially focus on $1313.6-1320.0.

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