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Stalls Ahead Of $1519.8 *RES 4:..........>

GOLD TECHS
GOLD TECHS: Stalls Ahead Of $1519.8
*RES 4: $1572.2 - 1.618 projection of Oct 1 - Oct 3 rally from Oct 11 low
*RES 3: $1557.3 - Trend high Sep 4
*RES 2: $1535.8 - High Sep 24
*RES 1:$1519.8 - High Oct 3 and key near-term resistance
*PRICE: $1492.3 @ 06:58 BST Oct 29
*SUP 1: $1490.1 - Low Oct 28
*SUP 2: $1480.9 - Low Oct 22
*SUP 3: $1473.9 - Low Oct 11
*SUP 4: $1459.0 - Low Oct 1 and bear trigger
Gold sold off yesterday. Bullish price action Friday failed to develop into a
more a more meaningful recovery and stalled ahead of $1519.80, Oct 3 high.
Friday's price action in candle terms, was a doji suggesting the most recent
recovery was a correction and that the correction ended at Friday's high. This
was confirmed yesterday and attention turns to support at $1473.9, Oct 11 low. A
break would open the early Oct low of $1459.0. Key resistance is $1519.8.

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