Below $1331.2 Targets $1302.5-1305.6.....>

GOLD TECHS: Below $1331.2 Targets $1302.5-1305.6

*RES 4: $1367.3 - Monthly High Aug 2 2016 

*RES 3: $1359.7 - Hourly support Jan 25 now resistance 

*RES 2: $1352.3 - High Jan 29 

*RES 1: $1348.9 - High Jan 30

*PRICE: $1342.8 @ 2030GMT

*SUP 1: $1331.2 - Low Jan 23 

*SUP 2: $1323.7 - Low Jan 18 

*SUP 3: $1315.4 - Low Jan 11 

*SUP 4: $1305.9 - Low Jan 4

*COMMENTARY: The lack of topside follow through on last week's 2018 high remains

a concern for bulls and leaves gold looking a little heavy. Daily studies

correcting are weighing. Bears need a close below $1331.2 to shift initial focus

to $1302.5-1305.6. Initial resistance is noted at $1348.9 but bulls need a close

above $1352.3 to gain breathing room and above $1374.9 to confirm focus on $

$1391.8-1433.3.