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Bulls Target Channel Top *RES 4:........>

GOLD TECHS
GOLD TECHS: Bulls Target Channel Top 
*RES 4: $1388.0 - High Mar 14, 2014 
*RES 3: $1365.2 - High April 11 
*RES 2: $1360.0 - Downtrend resistance from July 11 high 
*RES 1: $1346.8 - High Feb 20, channel top 
*PRICE: $1339.2 @ 05:58 GMT Feb 21 
*SUP 1: $1302.5 - Low Feb 14 
*SUP 2: $1298.6 - High Jan 4, now support 
*SUP 3: $1276.8 - Low Jan 21 
*SUP 4: $1246.5 - 200-dma 
Gold has edged back from its channel top but setbacks remain shallow keeping the
focus on yesterday's high at $1346.8 to accelerate gains. Above here would bring
down trendline resistance from the July 11 high into play at $1360.0. On the
downside bears target the Feb 14 low at $1302.5, below here would shift the near
term outlook negative and open a run at the Jan 21 low at $1276.8.

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