Bulls Remain In Charge *RES 4: $1796.1...>

GOLD TECHS: Bulls Remain In Charge

*RES 4: $1796.1 - High Oct 5, 2012

*RES 3: $1762.5 - 1.000 Fibonacci extension of Mar 16 - 26 rally from Apr 1 low

*RES 2: $1754.5 - High Nov 22, 2012

*RES 1: $1747.4 - High Apr 15

*PRICE: $1717.2 @ 07:10 BST Apr 16

*SUP 1: $1703.4 - High Mar 9 and former breakout level

*SUP 1: $1676.0 - Low Apr 13

*SUP 3: $1640.9 - Low Apr 8 and key near-term support

*SUP 4: $1609.4 - Low Apr 6

Gold maintains a bullish tone following this week's rally. Importantly, the move

higher led to a break of a key resistance at $1703.4, the Mar 9 high. The

$1703.4 print and breach confirms a full retracement of the sharp sell-off

between Mar 9 - 16. It signals scope for an extension of gains with potential

for a move towards $1754.5 next, the Nov 22, 2012 high. Further out, scope is

also seen for a climb towards $1796.1, Oct 5, 2012 high. Support is at $1703.4.