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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: $1334.9 - High Apr 5
*PRICE: $1329.1 @ 0430GMT
*SUP 1: $1318.3 - High Mar 20 now support 
*SUP 2: $1311.9 - 100-DMA 
*SUP 3: $1302.5 - Low Jan 2 
*SUP 4: $1295.1 - 200-DMA
*COMMENTARY: Follow through remains lacking on approach to the $1350 level with
gold correcting back towards $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.

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