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Bullish Breakout *RES 4: $1346.8 -.......>

GOLD TECHS
GOLD TECHS: Bullish Breakout
*RES 4: $1346.8 - High Feb 20
*RES 3: $1337.2 - Broken trendline support from Nov lows
*RES 2: $1330.0 - High Feb 27
*RES 1: $1321.50 - Key Resistance
*PRICE: $1309.9 @ 15:13 GMT Mar 21
*SUP 1: $1292.9 - Low March 14
*SUP 2: $1280.9 - Low March 7
*SUP 3: $1276.8 - Low Jan 21/38.2% retracement
*SUP 4: $1275.3 - 100-dma
Gold extended its recovery, rallying +$20 to $1320.45 before fading. The yellow
metal has now breached long-term trendline resistance off the Apr 11 2018 high,
further enhancing the bullish breakout. This brings the Feb 27 high into view at
$1330.0, ahead of a potential return to the Feb 20 ytd high. Bears need a break
back under $1300 to change the outlook, targeting the Mar 14 low at $1292.9.

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