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Bears In Charge *RES 4: $1324.6 - High...>

GOLD TECHS
GOLD TECHS: Bears In Charge
*RES 4: $1324.6 - High Mar 25 
*RES 3: $1310.7 - High Apr 10 
*RES 2: $1303.4 - High May 14 
*RES 1: $1289.0 - High May 17 
*PRICE: $1277.4 @ 01:35 GMT May 20
*SUP 1: $1274.9 - Low May 17 
*SUP 2: $1266.3 - Low May 2 
*SUP 3: $1257.5/1249.6 - 200-dma/High Dec 10 
*SUP 4: $1243.7 - High Oct 26 
Gold remains on the back foot as the trend of lower highs remains intact. Bears
look to take out Friday's low just below current levels to shift the focus to
the May 2 low at $1266.3. Below here would suggest further downside towards  the
200-dma/Dec 10 high at $1257.5/1249.6. Bulls target Friday's high at $1289.0 to
open the May 14 high at $1303.4. Above here would extend the rally towards the
April 10 high at $1310.7.

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