Bearish Break *RES 4: $1319.3 - High.....>

GOLD TECHS: Bearish Break

*RES 4: $1319.3 - High Mar 27

*RES 3: $1312.3 - High Mar 28

*RES 2: $1306.2 - 55-dma

*RES 1: $1300.45 - Hourly high Mar 28

*PRICE: $1287.6 @ 06:45 GMT Mar 29

*SUP 1: $1286.8 - Intraday low

*SUP 2: $1280.9 - Low March 7

*SUP 3: $1280.2 - 100-dma

*SUP 4: $1276.8 - Low Jan 21/38.2% retracement

Gold's sharp reversal back through $1300 yesterday triggered reported stops. The

heavy tone spilled over into Asia with the downtrend extending to $1286.81. This

brings the Mar 7 low into view at $1280.9, ahead of the 100-dma at $1280.2.

Below here opens a run at the Jan 21 low & 38.2% retracement level at $1276.8.

Bulls need a close back above the $1300 level to stabilise the outlook, opening

the 55-dma at $1306.2.