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$1307.1 Support Holds And Produces A.....>

GOLD TECHS
GOLD TECHS: $1307.1 Support Holds And Produces A Bounce
*RES 4: $1351.1 Feb 1 high
*RES 3: $1341.1 Feb 26 high
*RES 2: $1334.1 Hourly high Mar 7
*RES 1: $1330.1 Mar 14 high
*PRICE: $1326.2 @1546GMT
*SUP 1: $1311.9 Hourly support
*SUP 2: $1307.1 Feb 8 low
*SUP 3: $1302.8 Mar 1 low
*SUP 4: $1301.4 50% Fibo of $1236.6-$1366.2
*COMMENTARY* Unable to find a way above $1334.1 resistance over the course of
the month and has paid the price as a result. The loss of $1311.2 now has 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, $1330.1 provides resistance against
another attempt to reach that elusive $1334.1 and perhaps $1341.1-$1351.1.

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