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Testing Up Trendline Support *RES 4:.....>

GOLD TECHS
GOLD TECHS: Testing Up Trendline Support
*RES 4: $1326.0 - High May 11 
*RES 3: $1300.0 - Pivot area 
*RES 2: $1267.5 - 200-dma 
*RES 1: $1243.5 - High Oct 26 
*PRICE: $1225.2 @ 06:08 GMT 
*SUP 1: $1212.0 - Low Oct 31 
*SUP 2: $1209.4 - 55-dma 
*SUP 3: $1180.9 - Sep 28 
*SUP 4: $1160.4 - Low Aug 16 
Gold continues to trade in a tight range edging towards up trendline support
which comes in at $1222.0. A break below here would give bears the edge and open
the Oct 31 low at $1212, ahead of the 55-dma at $1209.4. On the upside, bulls
would need to see a break above the Oct 26 high at $1243.5 to trigger renewed
upside momentum and target the 200-dma at $1267.5.

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