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Softer *RES 4: $1500.2 - Channel top.....>

GOLD TECHS
GOLD TECHS: Softer
*RES 4: $1500.2 - Channel top drawn off Sep 4 high
*RES 3: $1492.2 - High Nov 7
*RES 2: $1478.9/80.9 - High Nov 20 / 50% of Nov 1 - Nov 12 decline
*RES 1: $1478.9 - High Nov 20
*PRICE: $1458.5 @ 06:40 GMT Nov 25
*SUP 1: $1456.4 - Low Nov 18
*SUP 2: $1445.7 - Low Nov 12 and bear trigger
*SUP 3: $1436.8 - Low Aug 5
*SUP 4: $1420.8 - Projected channel base drawn off Sep 4 high
Gold starts the week on a softer note having pulled back from last weeks $1478.9
high. The outlook is bearish and early signs are the recent correction has run
its course. A broader bearish focus follows this months break of key support at
$1474.1, Oct 11 low and $1459.1, Oct 1 low. The break of the latter level
confirmed a resumption of the pullback that has been in place since prices
peaked at $1557.1 on Sep 3. Attention is on $1445.7. Resistance is at $1478.9.

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