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Backs Away After Return To Range Top.....>

GOLD TECHS
GOLD TECHS: Backs Away After Return To Range Top On Wednesday
*RES 4: $1366.2 Jan 25 high
*RES 3: $1360.6 Hourly high Apr 11
*RES 2: $1353.6 Hourly high Apr 10
*RES 1: $1347.6 Hourly resistance
*PRICE: $1338.1 @1737GMT
*SUP 1: $1335.6 Apr 6 high, now support
*SUP 2: $1331.1 Apr 10 low
*SUP 3: $1327.0 Apr 9 low
*SUP 4: $1319.7 Apr 6 low
*COMMENTARY* $1315.6 support was protected by the earlier $1319.7 level last
Friday. The subsequent rise has since moved back above pivotal $1341.3
resistance. This suggested scope to once again investigate the top of the recent
range and indeed subsequently saw a move back toward $1366.2 on Wednesday. As a
result, overbought near term 1335.6, now provides initial support. Below $1331.1
would concern again. Resistance from $1347.6-$1360.6.

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