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Downside Focus Returns *RES 4: $1324.6...>

GOLD TECHS
GOLD TECHS: Downside Focus Returns
*RES 4: $1324.6 - High Mar 25 
*RES 3: $1310.7 - High Apr 10 
*RES 2: $1303.4 - High May 14 
*RES 1: $1287.5/1289.1 - High May 27/55-dma 
*PRICE: $1278.3 @ 03:20 GMT May 30 
*SUP 1: $1276.2 - Low May 28 
*SUP 2: $1269.6 - Low May 21 
*SUP 3: $1266.3 - Low May 2 
*SUP 4: $1261.3 - 200-dma 
Gold is on the back foot following the failure to recover the May 27 high and
the 55-dma at $1287.5/1289.1. Bears now target Tuesday's low at $1276.2 with a
break opening the May 21 low at $1269.6. Below here would open the key May 2 low
at $1266.3. Bulls need to recover the 55-dma to open the May 14 high at $1303.4
ahead of the April 10 high $1310.7.

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