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21-DMA Under Pressure *RES 4: $1346.8....>

GOLD TECHS
GOLD TECHS: 21-DMA Under Pressure
*RES 4: $1346.8 - High Feb 20 
*RES 3: $1337.2 - Broken trendline support from Nov lows
*RES 2: $1330.0 - High Feb 27 
*RES 1: $1308.3/1311.3 - 21-dma/High Mar 13 
*PRICE: $1307.8 @ 04:48 GMT Mar 19 
*SUP 1: $1292.9 - Low March 14 
*SUP 2: $1280.9 - Low March 7 
*SUP 3: $1276.8 - Low Jan 21/38.2% retracement 
*SUP 4: $1273.6 - 100-dma 
Gold is mounting a challenge on the 21-dma which has capped gains over the past
week. A break above here and the March 13 high at $1311.3 would suggest a
resumption of the uptrend with bulls eyeing the Feb 27 high at $1330.0. Bears
look for a move below Thursday's low at $1292.8 for a downside break. Below here
would open the the Mar 7 low at 1280.9 ahead of the Jan 21 low and 38.2%
retracement. 

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