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Below $1318.3 To Pressure 100 &..........>

GOLD TECHS
GOLD TECHS: Below $1318.3 To Pressure 100 & 200-DMAs
*RES 4: $1361.7 - High Feb 16 
*RES 3: $1356.7 - High Mar 27 
*RES 2: $1347.0 - High Mar 28 
*RES 1: $1339.8 - Low Mar 27 now resistance
*PRICE: $1325.3 @ 2030GMT
*SUP 1: $1318.3 - High Mar 20 now support 
*SUP 2: $1314.5 - Rising daily TL off Dec Low 
*SUP 3: $1308.8 - 100-DMA 
*SUP 4: $1302.5 - Low Jan 2
*COMMENTARY: The recovery from ahead of the 100-DMA is now over with immediate
focus back on the $1318.3 support. Bears need a close below this level to shift
focus back to $1292.65-1308.8 where 100 & 200-DMAs are noted. Layers of
resistance accumulating are seen weighing. Bulls now need a close above $1339.8
to gain breathing room and above $1347.0 to return pressure to $1361.7-1374.9.

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