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21-DMA Capping, Bounces Continue *RES....>

GOLD TECHS: 21-DMA Capping, Bounces Continue
*RES 4: $1351.3 - High Feb 19 
*RES 3: $1344.7 - Low Feb 16 now resistance 
*RES 2: $1340.7 - High Feb 26 
*RES 1: $1329.6 - 21-DMA
*PRICE: $1325.6 @ 2030GMT
*SUP 1: $1312.9 - Hourly resistance Mar 1 now support 
*SUP 2: $1302.9 - 100-DMA 
*SUP 3: $1302.5 - Low Jan 2 
*SUP 4: $1293.5 - Low Dec 29
*COMMENTARY: Bulls take comfort in bounces from $1312.9 that see pressure back
on the 21-DMA. Bulls look for a close above the 21-DMA to gain breathing room
whereas a close above $1351.3 remains needed to initially focus on
$1367.3-1374.9 where 2016 highs are noted. Bears need a close below $1312.9 to
confirm a return in focus to $1289.1-1302.9 where 100 & 200-DMAs are situated.

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