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Back in The Range *RES 4: $1346.8 -......>

GOLD TECHS
GOLD TECHS: Back in The Range
*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: $1321.50 - Key Resistance
*PRICE: $1312.0 @ 07:33 GMT Mar 22
*SUP 1: $1292.9 - Low March 14
*SUP 2: $1280.9 - Low March 7
*SUP 3: $1276.8 - Low Jan 21/38.2% retracement
Yesterday's dollar recovery saw gold drop $17 on the session, before basing
ahead of $1303. The yellow metal has since staged a minor recovery back through
$1312 and settles in the middle of its recent range. Bulls target a break of key
resistance at $1321.50, before focusing on channel top resistance at $1324.36.
Consolidation above here brings the Feb 27 high into view at $1330.0, ahead of a
potential return to the Feb 20 ytd high. Bears need a break back under $1300 to
change the outlook, targeting the Mar 14 low at $1292.9.

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