Consolidation Mode Continues, $1321.3....>

GOLD TECHS: Consolidation Mode Continues, $1321.3 Support Back In Focus

*RES 4: $1361.8 Feb 16 high

*RES 3: $1356.9 Mar 27 high

*RES 2: $1348.3 Apr 4 high

*RES 1: $1342.7 Hourly resistance

*PRICE: $1327.7 @0938GMT

*SUP 1: $1321.3 Mar 29 low

*SUP 2: $1315.3 Mar 2 low

*SUP 3: $1307.3 Mar 20 low

*SUP 4: $1302.8 Mar 1 low

*COMMENTARY* The rally from last Thursday's dip to $1321.3, came a cropper at

$1348.3 on Wednesday, as the recent range continues to dictate proceedings. The

subsequent fall below $1328.4 once again puts the Mar 29 low at $1321.3 back in

the spotlight. Lose here and a move back into the lower half of the recent range

sees $1315.3 as next support of note and protection against a further $1307.3

decline. Back above $1342.7 is currently required to switch attention higher.