DEC GOLD (1287.60) Resist: 1299.80, 1304, 1326.50* Support: - TopicsExpress

DEC GOLD (1287.60) Resist: 1299.80, 1304, 1326.50* Support: 1278.60*, 1255 ST Trend: Down Obj: 1255 TRP: 1340.30 Comment: The sharp break signals a downturn from recent congestion, rekindling the downtrend of the past month and signaling for selloffs to 1255. A close under 1278.60* will help propel selloffs. We may see minor corrective congestion inside yesterday’s selloff, but 2-3 sideways congestion days will bear flag and setup for selloffs. A close over 1326.50* is needed to stop aggressive bear forces.

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