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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: $1361.8 Feb 16 high
*RES 3: $1351.1 Feb 1 high, 76.4% of $1366.2-$1302.8
*RES 2: $1341.1/42.0 Feb 26 high, 61.8% of $1366.2-$1302.8
*RES 1: $1336.7 Mar 21 high
*PRICE: $1326.9 @1640GMT
*SUP 1: $1314.0 Hourly support
*SUP 2: $1307.3 Mar 20 low
*SUP 3: $1302.8 Mar 1 low
*SUP 4: $1301.4 50% Fibo of $1236.6-$1366.2
*COMMENTARY* Found support from just above the Feb 7 low at $1307.1 on Tuesday
and the subsequent recovery through $1334.1, although embryonic, is near term
encouraging. Provided any dips are able to stay above $1314.0, then the next
resistance of note comes from $1341.1-$1342.0. This the Feb 26 high and 61.8%
Fibo retrace of the losses sustained since the year's $1366.2 high on Jan 25.
Below $1314.0 will disappoint and put $1307.3 back under pressure.

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