$1342.0 Break Would Add Further..........>

GOLD TECHS: $1342.0 Break Would Add Further Impetus To Rise

*RES 4: $1366.2 Jan 25 high

*RES 3: $1361.8 Feb 16 high

*RES 2: $1351.1 Feb 1 high, 76.4% of $1366.2-$1302.8

*RES 1: $1342.0 61.8% Fibo of $1366.2-$1302.8

*PRICE: $1341.3 @0950GMT

*SUP 1: $1329.2 Hourly support

*SUP 2: $1324.8 Mar 22 low

*SUP 3: $1317.6 Mar 5 low

*SUP 4: $1312.9 Mar 9 low

*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. Next resistance of note comes from 1342.0, a 61.8% Fibo retrace of

the losses sustained since the year's $1366.2 high on Jan 25. Through here and

look to continue the rise toward the 76.4% retrace and Feb 1 high at $1351.1.

Above would swing overall bias higher again. Support $1329.2-$1324.8.