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$1307.1 Protects Against.................>

GOLD TECHS
GOLD TECHS: $1307.1 Protects Against $1302.8-$1301.4 Fall
*RES 4: $1341.1 Feb 26 high
*RES 3: $1334.1 Hourly high Mar 7
*RES 2: $1330.1 Mar 14 high
*RES 1: $1321.9 Mar 16 high
*PRICE: $1314.6 @0939GMT
*SUP 1: $1307.1 Feb 8 low
*SUP 2: $1302.8 Mar 1 low
*SUP 3: $1301.4 50% Fibo of $1236.6-$1366.2
*SUP 4: $1286.1 61.8% Fibo of $1236.6-$1366.2
*COMMENTARY* Unable to find a way above $1334.1 resistance over the course of
the month and is paying the price as a result. The loss of $1311.2 support now
sees the Feb 8 low at $1307.1 as the remaining protection against a return to
the $1302.8-$1301.4 support area. The latter a 50% Fibo retrace level and guard
against a deeper $1286.1 decline. Meanwhile, $1321.9-$1330.1 provides resistance
against another attempt to reach that elusive $1334.1.

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