$1307.3 Now Next Support As Decline......>

GOLD TECHS: $1307.3 Now Next Support As Decline Continues

*RES 4: $1345.8 Apr 20 high

*RES 3: $1335.8 Base of broken 9 week bull channel

*RES 2: $1327.2 Apr 27 high

*RES 1: $1320.7 Hourly resistance

*PRICE: $1308.3 @0908GMT

*SUP 1: $1307.3 Mar 20 low

*SUP 2: $1302.8 Mar 1 low

*SUP 3: $1299.3 Nov 27 high, now support

*SUP 4: $1286.1 61.8% Fibo of $1236.6-$1366.2

*COMMENTARY* Last week saw a break below the 8 week bull channel, at $1335.8

today, following the failure to reclaim levels back above the year's $1366.2

high earlier in the month. Further loss of the 61.8% Fibo retrace level at

$1326.7, opens the way for a continued fall. $1307.3 now keeping us away from a

move back towards the year's $1302.2 low. In the meantime, $1320.7-$1327.2 stand

in the way of that $1334.9 level and any recovery efforts.