Bulls Need Close Above $1330.0 *RES 4:...>

GOLD TECHS: Bulls Need Close Above $1330.0

*RES 4: $1344.7 - Low Feb 16 now resistance 

*RES 3: $1340.7 - High Feb 26 

*RES 2: $1330.0 - High Mar 14 

*RES 1: $1321.9 - 21-DMA

*PRICE: $1313.5 @ 0250GMT

*SUP 1: $1305.4 - 100-DMA 

*SUP 2: $1302.5 - Low Jan 2 

*SUP 3: $1293.5 - Low Dec 29 

*SUP 4: $1290.3 - 200-DMA

*COMMENTARY: Support emerging on dips back towards the 100-DMA is less than

ideal with narrowing Bollis hinting at a break out. In saying that, bulls need a

close above the 21-DMA to ease bearish pressure and above $1330.0 to confirm a

break of the 55-DMA ($1329.3), shifting focus to $1340.7-1351.3. Bears need a

close below $1302.5 to hint at a move back to $1235.9 and below the 200-DMA to

confirm.