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Bulls Look To Form A Base *RES 4:........>

GOLD TECHS
GOLD TECHS: Bulls Look To Form A Base
*RES 4: $1319.3 - High Mar 27 
*RES 3: $1312.3 - High Mar 28 
*RES 2: $1306.2 - 55-dma 
*RES 1: $1299.9 - High Mar 29 
*PRICE: $1292.6 @ 05:56 GMT Apr 4 
*SUP 1: $1285.4/1283.1/1283.6 - Low Apr 2/Neckline support from Jan 25
low/100-dma 
*SUP 2: $1280.9 - Low March 7 
*SUP 3: $1276.8 - Low Jan 21/38.2% retracement 
*SUP 4: $1253.6 - 50% retracement 
Gold remains above key neckline support with bulls looking to recover the March
29 high at $1299.9 to form a base. Above here brings the 55-dma at $1306.2 into
play ahead of the March 28 high at $1312.3. Bears look for a close below
neckline support at $1283.1 would mark a bearish break, suggesting further
downside to the March 7 lows and beyond.

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