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Bullish Sentiment Returns *RES 4:........>

GOLD TECHS
GOLD TECHS: Bullish Sentiment Returns
*RES 4: $1754.5 - High Nov 22, 2012
*RES 3: $1747.4 - High Apr 15 and bull trigger
*RES 2: $1738.7 - High Apr 16
*RES 1: $1726.6 - 76.4% retracement of the Apr 14 - 21 decline
*PRICE: $1724.3 @ 09:22 BST Apr 23
*SUP 1: 41707.4 - Intraday low
*SUP 2: $1680.5 - Low Apr 22
*SUP 3: $1659.6 - Low Apr 21
*SUP 4: $1658.2 - 50.0% retracement of the Apr 1 - 14 rally
Gold is volatile and has rebounded over the past 2 trading sessions. Yesterday's
gains in particular suggests bullish sentiment is resuming with the yellow metal
also holding onto a bullish theme this morning. Furthermore, note that Tuesday's
price action is a Japanese candle hammer formation. This also points to a recent
bullish reversal. The focus is on a climb towards the Apr 14 high of $1747.4.
Support lies at $1680.5, yesterday's low.

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