All Eyes On Neckline Support *RES 4:....>

GOLD TECHS: All Eyes On Neckline Support 

*RES 4: $1346.8 - High Feb 20 

*RES 3: $1324.6 - High Mar 25 

*RES 2: $1312.3 - High Mar 28 

*RES 1: $1310.7/1307.0 - High Apr 10/Downtrend resistance from Feb highs 

*PRICE: $1289.2 @ 06:05 GMT Apr 15

*SUP 1: $1281.0/1280.9 - Low Apr 4/Low March 7 

*SUP 2: $1276.8 - Low Jan 21/38.2% retracement 

*SUP 3: $1253.6 - 50% retracement 

*SUP 4: $1250.4 - 200-dma 

Gold continues to look toppy after posting a lower high last week which has

shifted the focus back down to the key neckline support area. Bears look for a

close below the $1281.0/1280.9 April 3/March 7 low area to suggest further

downside to the Jan 21 low /38.2% retracement at $1281.0/1280.9. Bulls focus

remains on downtrend resistance and the April 10 high at $1307.0/1310.7. Above

here would return the focus to the upside.