Still Trading Below Resistance

• RES 4: $1992.5 - High Sep 1
• RES 3: $1973.6 - High Sep 16 and a key near-term resistance
• RES 2: $1955.7 - High Sep 21
• RES 1: $1933.3 - High Oct 12 and the bull trigger
• PRICE: $1914.2 @ 07:02 BST Oct 22
• SUP 1: $1882.5 - Low Oct 14
• SUP 2: $1873.0 - Low Oct 7 and key near-term support
• SUP 3: $1848.8 - Low Sep 28 and the bear trigger
• SUP 4: $1841.2 - Low Jul 22

Although Gold is firmer this week, the yellow metal remains in a consolidative pattern. Attention is on the $1873.0 support, Oct 7 low following the recent pullback from $1933.3, Oct 12 high. A break of $1873.0 would suggest scope for a deeper pullback and expose $1848.8, Sep 28 low and a key support. On the upside, clearance of $1933.3, Oct 12 high would instead resume recent bullish pressure.