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Sustained $1286.1 Break Will Enhance.....>

GOLD TECHS
GOLD TECHS: Sustained $1286.1 Break Will Enhance Recovery Prospects
*RES 4: $1306.1 Oct 16 high
*RES 3: $1296.1 76.4% Fibo of $1306.1-$1263.8
*RES 2: $1291.5 Oct 18 high
*RES 1: $1289.9 Hourly resistance
*PRICE: $1286.6 @1650GMT
*SUP 1: $1276.0 Hourly support
*SUP 2: $1271.8 Nov 7 low
*SUP 3: $1265.5 Nov 3 low
*SUP 4: $1263.8 Oct 27 low
*COMMENTARY* Rally is threatening to break free of $1286.1 resistance. A
successful breach should allow a higher $1291.5-$1296.1 rise, as we continue to
correct the $1306.1-$1263.8 losses sustained since the previous recovery peaked
on Oct 16. As a result, support also on the rise, initially from $1276.0, this
currently protecting a sequence of $1271.8-$1265.5 lows, seen since the $1263.8
base at the end of last month.

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