Bullish Focus *RES 4: $1770.1 - 1.236....>

GOLD TECHS: Bullish Focus

*RES 4: $1770.1 - 1.236 projection of the Nov - Mar rally from Mar 16 low

*RES 3: $1754.5 - High Nov 22, 2012

*RES 2: $1747.4 - High Apr 15 and bull trigger

*RES 1: $1739.3 - High Apr 23

*PRICE: $1723.2 @ 07:09 BST Apr 27

*SUP 1: 41707.4 - Low Apr 23

*SUP 2: $1680.5 - Low Apr 22

*SUP 3: $1659.6 - Low Apr 21 and key support

*SUP 4: $1658.2 - 50.0% retracement of the Apr 1 - 14 rally

Gold ended last week on a volatile note however for now, the yellow metal

maintains a bullish tone. This follows the bounce off the Apr 21 low of $1659.6.

A positive tone has also been reinforced by the formation of a bullish candle

pattern on Apr 21, a hammer reversal. Attention is on the Apr 14 high of

$1747.4. A break of this key resistance would confirm a resumption of the

uptrend and open $1754.5, the Nov 22, 2012 high. Initial support is $1707.4.