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Consolidation Mode Continues After.......>

GOLD TECHS
GOLD TECHS: Consolidation Mode Continues After $1321.3 Support Holds
*RES 4: $1366.2 Jan 25 high
*RES 3: $1361.8 Feb 16 high
*RES 2: $1356.9 Mar 27 high
*RES 1: $1348.5 Hourly resistance
*PRICE: $1344.2 @0825GMT
*SUP 1: $1328.4 Mar 29 high, now support
*SUP 2: $1321.3 Mar 29 low
*SUP 3: $1315.3 Mar 2 low
*SUP 4: $1307.3 Mar 20 low
*COMMENTARY* Finding some support after last Thursday's dip to $1321.3, as we
continue within the recent consolidation. Now looking towards the Mar 28 high at
$1347.2 and hourly resistance from $1348.5 for next clues and the bar to a
higher $1352.7-$1356.9 rise. The former the current level of the 3 month bear
channel top, which was slightly exceeded in the latter stages of last month.
Meanwhile, initial support still comes from above the Mar 29 high at $1328.4.

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