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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: $1340.9 @0955GMT
*SUP 1: $1331.1 Apr 10 low
*SUP 2: $1327.0 Apr 9 low
*SUP 3: $1324.4 4 week rising support line
*SUP 4: $1319.7 Apr 6 low
*COMMENTARY* $1315.6 support was protected by the earlier $1319.7 level last
Friday. The subsequent rise 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, a low of 1333.8 since. Back below $1331.1 would concern
again and pressure the rising support line. Resistance from $1347.6-$1360.6.

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