Doji Reversal *RES 4: $1593.6 - 76.4%....>

GOLD TECHS: Doji Reversal

*RES 4: $1593.6 - 76.4% retracement of the Jan 8 - Jan 14 decline

*RES 3: $1592.1 - High Feb 3 and key near-term resistance

*RES 2: $1579.7 - High Feb 4

*RES 1: $1577.1 - High Feb 10

*PRICE: $1565.8 @ 06:45 GMT Feb 12

*SUP 1: $1547.6 - Low Feb 5

*SUP 2: $1546.4 - Low Jan 21

*SUP 3: $1536.0 - Low Jan 14 and key bear trigger

*SUP 4: $1534.4 - 50-day EMA

A bearish candle pattern in Gold known as a doji defines Monday's price action.

This suggests the recent corrective recovery has run its course and raises the

likelihood that bearish pressure is about to unfold once again. This is in line

with our bearish outlook following the sell-off on Feb 3 and 4 that resulted in

a break of support at $1563.5, Jan 29 low. A resumption of weakness would open

$1546.4, Jan 21 low and $1536.0, Jan 14 low. Initial resistance is at $1577.1.