$1337.7 The Next Step On Road To.........>

GOLD TECHS: $1337.7 The Next Step On Road To Recovery

*RES 4: $1366.2 Jan 25 high

*RES 3: $1352.5 Jan 29 high

*RES 2: $1346.2 Feb 6 high

*RES 1: $1337.7 Jan 29 low, now resistance

*PRICE: $1331.1 @1037GMT

*SUP 1: $1322.8 Feb 8 high, now support

*SUP 2: $1314.2 Hourly base Feb 9

*SUP 3: $1307.1 Feb 8 low

*SUP 4: $1301.4 50% Fibo of $1236.6-$1366.2

*COMMENTARY* Has held around support from the Jan 10 low at $1308.3, a low of

$1307.1 seen before recovering some ground. Currently correcting losses from

last month's $1366.2 high, with $1337.7 the next barrier to surmount, before the

chance of a higher $1346.2-$1352.5 rise. The latter then becomes pivotal to

direction.  Meanwhile, $1322.8 and then $1314.2 provide support. Back below the

latter would suggest the recovery was over for the time being.