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Bulls On The Front Foot *RES 4:..........>

GOLD TECHS
GOLD TECHS: Bulls On The Front Foot
*RES 4: $1388.0 - High Mar 14, 2014 
*RES 3: $1365.2 - High April 11 
*RES 2: $1315.0 - Channel top 
*RES 1: $1309.4 - High June 14 
*PRICE: $1304.6 @ 06:08 GMT Jan 29 
*SUP 1: $1298.6 - High Jan 4, now support 
*SUP 2: $1276.8 - Low Jan 21 
*SUP 3: $1260.0 - Double top downside target 
*SUP 4: $1245.8 - 200-dma 
The pullback off Friday's high has been shallow keeping the focus squarely on
the upside and on the June 14 high at $1309.4. A break above here would open the
channel top at $1315.0, ahead of the April 11 high at $1365.2. Bears need to
close back below the Jan 4 high at $1298.6 to take the near term pressure off,
while a break below the Jan 21 low at $1276.8 is needed to suggest a bearish
reversal.

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