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Aggressive Bounce Ahead Of 100-DMA.......>

GOLD TECHS: Aggressive Bounce Ahead Of 100-DMA
*RES 4: $1344.7 - Low Feb 16 now resistance 
*RES 3: $1340.7 - High Feb 26 
*RES 2: $1330.0 - Hourly support Feb 26 now resistance 
*RES 1: $1323.9 - Hourly support Feb 27 now resistance
*PRICE: $1317.2 @ 0250GMT
*SUP 1: $1312.9 - Hourly resistance Mar 1 now support 
*SUP 2: $1302.5 - Low Jan 2 
*SUP 3: $1300.2 - 100-DMA 
*SUP 4: $1287.2 - 200-DMA
*COMMENTARY: The bounce from ahead of the 100-DMA and a dip below the Bollinger
base ($1306.0) is a concern for bears and could signal the end of the correction
from $1361.8 Feb highs. Bulls still need a close above $1330.0 to gain breathing
room and above $1351.3 to shift focus back to $1367.3-1374.9 where 2016 highs
are noted. Bears need a close below the 100-DMA to hint at a move back to
$1235.9 Dec lows.

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