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1 Gold Daily Technical Report Oct 3,2013 on 3rd October 2013, 5:37 pm

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Bouncing near the key support at 1268.
• Gold is b ouncing near its key support at 1268. The initial resistance at 1306 (24/09/2013 low) has been broken. Monitor the resistance area defined by the declining trendline (around 1343) and 1354.
• The medium-term technical configuration remains biased to the downside given the break of the rising channel and the longer term bearish trend. Key supports are at 1268 and 1181, while a key resistance stands at 1434.
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