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Trend Reversal Confirmed *RES 4:.........>

GOLD TECHS
GOLD TECHS: Trend Reversal Confirmed
*RES 4: $1557.3 - High Sep 4 and key resistance
*RES 3: $1535.8 - High Sep 24
*RES 2: $1512.6 - High Sep 26
*RES 1: $1483.0 - High Sep 18
*PRICE: $1462.5 @ 07:27 BST Oct 1
*SUP 1: $1456.4 - Low Aug 6
*SUP 2: $1445.8 - 38.2% retracement of Apr 24 - Sep 4 rally
*SUP 3: $1430.3 - Low Aug 2
*SUP 4: $1411.4 - 50.0% retracement of Apr 24 - Sep 4 rally
Gold has resumed its slide, trading below yesterday's $1464.4 low. A trend
reversal has been confirmed following the break of former support at $1483.0,
Sep 18 low. Perhaps more importantly, this move lower has also confirmed a break
of the trendline support drawn off the May 30 low. Attention turns to the first
important retracement at $1445.84, 38.2% of the entire rally between Apr 24 -
Sep 4. Initial resistance is at $1483.0. Heavy for now.

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