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April 26 High Remains Key *RES 4:.......>

GOLD TECHS
GOLD TECHS: April 26 High Remains Key 
*RES 4: $1324.6 - High Mar 25 
*RES 3: $1310.7 - High Apr 10 
*RES 2: $1292.0 - Downtrend resistance from Feb highs 
*RES 1: $1288.8 - High Apr 26 
*PRICE: $1283.1 @ 06:00 GMT May 7 
*SUP 1: $1266.3 - Low May 2 
*SUP 2: $1254.0/1249.6 - 200-dma/High Dec 10 
*SUP 3: $1243.7 - High Oct 26 
*SUP 4: $1231.6/1233.0 - 61.8% retracement/Low Dec 14 
Gold continues to edge towards the April 26 high at $1288.8 ahead of key down
trendline resistance at $1292.0. A close above here would shift the outlook
bullish opening the April 10 high at $1310.7. To regain the upper hand bears
look for a break below Thursday's low at $1266.3 to open the 200-dma/Dec 10 high
at $1254.0/1249.6 ahead of the Oct 26 high.

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