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

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: $1326.2 @ 0430GMT

*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.