Below 200-DMA To End Bullish Hopes.......>

GOLD TECHS: Below 200-DMA To End Bullish Hopes

*RES 4: $1356.7 - High Mar 27 

*RES 3: $1348.4 - High Apr 4 

*RES 2: $1341.3 - Hourly support Apr 4 now resistance 

*RES 1: $1332.1 - Hourly support Apr 5 now resistance

*PRICE: $1326.1 @ 2130GMT

*SUP 1: $1318.3 - High Mar 20 now support 

*SUP 2: $1311.4 - 100-DMA 

*SUP 3: $1302.5 - Low Jan 2 

*SUP 4: $1294.7 - 200-DMA

*COMMENTARY: Follow through remains lacking on approach to the $1350 level with

gold looking a little offered and pressuring $1318.3 following the break of

$1328.3. Bears now look for a close below the 100-DMA to confirm focus on the

200-DMA. Below the 200-DMA is needed to target 1234.1 where the 200-WMA is

located. Bulls now need a close above $1356.7 to confirm initial focus on

$1366.7-1374.9.