Bears Need Close Below 100-DMA *RES 4:...>

GOLD TECHS: Bears Need Close Below 100-DMA

*RES 4: $1353.7 - Bollinger band top 

*RES 3: $1339.3 - Hourly resistance Apr 20 

*RES 2: $1335.5 - 21-DMA 

*RES 1: $1332.6 - High Apr 24

*PRICE: $1323.5 @ 0430GMT

*SUP 1: $1319.5 - 100-DMA 

*SUP 2: $1306.9 - Low Mar 20 

*SUP 3: $1302.9 - 200-DMA 

*SUP 4: $1302.5 - Monthly Low Mar 1

*COMMENTARY: Pressure has returned to the 100-DMA with bears needing a close

below to shift initial focus back to $1291.2-1302.9 where the 55-WMA ($1291.2),

200-DMA & March low ($1302.5) are located. Initial resistance is now noted at

$1332.6 but bulls look for a close above the 21-DMA to ease bearish pressure and

shift initial focus back to $1353.7-1366.1 where 2018 highs are noted.