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Bearish Break *RES 4: $1360.0 -..........>

GOLD TECHS
GOLD TECHS: Bearish Break
*RES 4: $1360.0 - Downtrend resistance from July 11 high
*RES 3: $1356.0 - Channel top 
*RES 2: $1346.8 - High Feb 20
*RES 1: $1330.0 - High Feb 27 
*PRICE: $1318.4 @ 06:15 GMT Feb 28 
*SUP 1: $1302.5 - Low Feb 14 
*SUP 2: $1300.5 - 50-dma 
*SUP 3: $1298.6 - High Jan 4, now support 
*SUP 4: $1276.8 - Low Jan 21 
Gold broke below its 21-dma yesterday which puts the focus on the Feb 14 low at
$1302.5 and the 50-dma, below which would suggest a deeper pullback towards the
Jan 4 high at $1298.6 and the Jan 21 low at $1276.8. Bulls need to recover
yesterday's high at $1330.0 to shift the near term outlook neutral while a break
above the Feb 20 high at $1346.8 would reignite upside momentum. Above here
would bring the channel top into play.

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