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$1321.3 Loss Sees Trading Back In........>

GOLD TECHS: $1321.3 Loss Sees Trading Back In Lower Half Of Range
*RES 4: $1352.2 2018 falling resistance line
*RES 3: $1348.3 Apr 4 high
*RES 2: $1344.9 Apr 2 high
*RES 1: $1334.0 Apr 5 high
*PRICE: $1324.8 @0910GMT
*SUP 1: $1315.3 Mar 2 low
*SUP 2: $1307.3 Mar 20 low
*SUP 3: $1302.8 Mar 1 low
*SUP 4: $1295.8 2018 bear channel base
*COMMENTARY* The rally from last Thursday's dip to $1321.3, failed at $1348.3 on
Wednesday, as the recent range continues to dictate proceedings. The subsequent
fall below $1328.4 has put the Mar 29 low at $1321.3 at risk, sustained loss
here and a move back into the lower half of the recent range sees $1315.3 as
next support of note and protection against a further $1307.3 decline.
Resistance from yesterday's $1334.0 high, above relieves immediate pressure.

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