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Swift Fall After Failed Challenge To.....>

GOLD TECHS
GOLD TECHS: Swift Fall After Failed Challenge To $1289.9 Fibo Resistance
*RES 4: $1296.1 76.4% Fibo of $1306.1-$1263.8
*RES 3: $1291.5 Oct 18 high
*RES 2: $1289.9 61.8% Fibo of $1306.1-$1263.8
*RES 1: $1282.7 Hourly resistance
*PRICE: $1275.7 @2230GMT
*SUP 1: $1271.8 Nov 7 low
*SUP 2: $1265.5 Nov 3 low
*SUP 3: $1263.8 Oct 27 low
*SUP 4: $1260.7 Oct 2 low
*COMMENTARY* After trying at the back end of last week, the rally was unable to
challenge and clear $1289.9 Fibo resistance. As a result, we have seen a swift
retreat, to close the week just above the Nov 7 low at $1271.8. Will need to
remain above this latter level, if the upside momentum gained since the $1265.5
low at the beginning of the month, is to survive. Resistance falls in the
meantime, $1282.7 now the bar to any upside renaissance. 

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