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100-DMA Support Key This Week *RES 4:....>

GOLD TECHS
GOLD TECHS: 100-DMA Support Key This Week
*RES 4: $1356.2 - Bollinger band top 
*RES 3: $1355.7 - High Apr 18 
*RES 2: $1339.3 - Hourly resistance Apr 20 
*RES 1: $1331.0 - 55-DMA
*PRICE: $1326.9 @ 0250GMT
*SUP 1: $1321.2 - Low Apr 6 
*SUP 2: $1318.0 - Low Apr 10 
*SUP 3: $1306.9 - Daily Bull channel base off Dec low 
*SUP 4: $1302.5 - Monthly Low Mar 1
*COMMENTARY: Pressure resulted in a break of the bull channel base off Dec lows
with immediate focus on the 100-DMA. Bears need a close below the 100-DMA to
shift initial focus back to $1291.2-1302.5 where the 55-WMA ($1291.2), 200-DMA
($1302.0) & March low ($1302.5) are located. Bulls now need a close above the
55-DMA to gain breathing room and above $1339.3 to return focus to
$1355.7-1366.1 where 2018 highs are located.

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