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Below 200-DMA To Target $1235.9 *RES.....>

GOLD TECHS
GOLD TECHS: Below 200-DMA To Target $1235.9
*RES 4: $1344.7 - Low Feb 16 now resistance 
*RES 3: $1340.7 - High Feb 26 
*RES 2: $1330.0 - High Mar 14 
*RES 1: $1321.7 - High Mar 16
*PRICE: $1311.9 @ 0250GMT
*SUP 1: $1309.3 - Low Mar 16 
*SUP 2: $1304.6 - 100-DMA 
*SUP 3: $1302.5 - Low Jan 2 
*SUP 4: $1289.8 - 200-DMA
*COMMENTARY: Despite pressuring the 21-DMA ($1324.0) bulls failed to gain
traction above Friday's losses seeing focus back on $1302.5-1304.6. The
Bollinger base ($1308.4) is the key concern for bears and limits follow through.
Narrowing Bollinger bands hint at a breakout. Bears look for a close below
$1302.5 to hint at a move back to $1235.9 and below the 200-DMA to confirm.
Above $1330.2 is needed to ease bearish pressure.

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