$1312.9 & $1330.0 Levels Key Today.......>

GOLD TECHS: $1312.9 & $1330.0 Levels Key Today

*RES 4: $1344.7 - Low Feb 16 now resistance 

*RES 3: $1340.7 - High Feb 26 

*RES 2: $1330.0 - High Mar 14 

*RES 1: $1321.5 - Low Mar 14 now resistance

*PRICE: $1316.4 @ 0530GMT

*SUP 1: $1312.9 - Hourly resistance Mar 1 now support 

*SUP 2: $1304.3 - 100-DMA 

*SUP 3: $1302.5 - Low Jan 2 

*SUP 4: $1289.6 - 200-DMA

*COMMENTARY: Despite pressuring the 21-DMA ($1325.9) bulls failed to gain

traction above with pressure returning to $1312.9. Bears look for a close below

$1312.9 to return focus to $1289.6-1304.3 where 100 & 200-DMAs are situated.

Bulls still need a close above $1330.0 to confirm a break of the 21-DMA and gain

breathing room whereas a close above $1351.3 remains needed to initially focus

on $1367.3-1374.9 where 2016 highs are noted.