Trading In A Tight Range *RES 4:.........>

GOLD TECHS: Trading In A Tight Range

*RES 4: $1557.3 - Trend high Sep 4

*RES 3: $1535.8 - High Sep 24

*RES 2: $1519.8 - High Oct 3

*RES 1: $1503.4 - Channel resistance drawn off Sep 4 high

*PRICE: $1489.7 @ 06:38 BST Oct 23

*SUP 1: $1473.9 - Low Oct 11

*SUP 2: $1459.0 - Low Oct 1 and bear trigger

*SUP 3: $1445.8 - 38.2% retracement of Apr 24 - Sep 4 rally

*SUP 4: $1430.3 - Low Aug 2

Gold continues to trade in a relatively tight range as the yellow metal

consolidates. Price has most recently pulled away from the bear channel top

drawn off the Sep 4 high that intersects at $1503.4 today. The focus is on a

move lower with attention on $1473.9, Oct 11 low. A break would open $1459.0.

The condition for a stronger recovery and, to extend the rally off the Oct low

remains a channel breakout. This would open $1535.8 and $1557.3.