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Correction Of This Month's Gains.........>

GOLD TECHS
GOLD TECHS: Correction Of This Month's Gains Continues
*RES 4: $1366.2 Jan 25 high
*RES 3: $1361.8 Feb 16 high
*RES 2: $1351.6 Feb 19 high
*RES 1: $1344.9 Hourly resistance
*PRICE: $1337.5 @1038GMT
*SUP 1: $1333.1 Feb 13 high, now support
*SUP 2: $1327.8 Feb 12 high, now support
*SUP 3: $1318.1 Feb 14 low
*SUP 4: $1307.1 Feb 8 low
*COMMENTARY* Unable to find the ability to retest the year's $1366.2 high and
has been gradually suffering since. The latest fall back beneath $1344.9 allows
some further correction of recent gains from this month's $1307.1 base. In this
respect two recent $1333.1-$1327.8 highs now offer some support, with the lower
$1318.1 level currently of more consequence. Resistance $1344.9-$1351.6 back
above the latter needed to revive upside interest. 

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