Bulls Focused On $1306.1-1320.0 *RES.....>

GOLD TECHS: Bulls Focused On $1306.1-1320.0

*RES 4: $1357.5 - 2017 High Sept 8 

*RES 3: $1334.8 - High Sept 13 

*RES 2: $1320.0 - High Sept 18 

*RES 1: $1306.1 - Monthly High Oct 16

*PRICE: $1302.4 @ 2030GMT

*SUP 1: $1293.5 - Low Dec 29 

*SUP 2: $1281.5 - Low Dec 27 

*SUP 3: $1275.5 - 55-DMA 

*SUP 4: $1270.5 - 200-DMA

*COMMENTARY: The recovery from Dec lows has resulted in closes above the 55-DMA

and bear channel top with immediate focus now on $1306.1-1320.0 following the

break of $1289.5. O/B daily studies and the Bollinger top ($1299.4) are concerns

for bulls. Bears now need a close below the 100-DMA to ease immediate bullish

pressure and below the 21-DMA ($1266.7) to hint at a move back to Dec lows.