Bears Need Close Below $1318.3 *RES 4:...>

GOLD TECHS: Bears Need Close Below $1318.3

*RES 4: $1351.3 - High Feb 19 

*RES 3: $1344.7 - Low Feb 16 now resistance 

*RES 2: $1340.7 - High Feb 26 

*RES 1: $1336.3 - Bollinger band top

*PRICE: $1329.1 @ 2030GMT

*SUP 1: $1323.0 - 21-DMA 

*SUP 2: $1318.3 - High Mar 20 now support 

*SUP 3: $1306.2 - 100-DMA 

*SUP 4: $1302.5 - Low Jan 2

*COMMENTARY: Support emerging on dips back towards the 100-DMA provided the base

for an aggressive break of key DMAs with focus having returned to layers of

resistance $1340.7-1351.3. The Bollinger top is the key concern for bulls.

Layers of support have been left in the wake with bears now needing a close

below $1318.3 to shift focus back to $1302.5-1306.2 where the 100-DMA is

located.