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Eyeing Key Resistance *RES 4: $1770.1....>

GOLD TECHS
GOLD TECHS: Eyeing Key Resistance
*RES 4: $1770.1 - 1.236 projection of the Nov - Mar rally from Mar 16 low
*RES 3: $1754.5 - High Nov 22, 2012
*RES 2: $1747.4 - High Apr 15 and bull trigger
*RES 1: $1739.3 - High Apr 23
*PRICE: $1723.6 @ 07:13 BST Apr 24
*SUP 1: 41707.4 - Low Apr 23
*SUP 2: $1680.5 - Low Apr 22
*SUP 3: $1659.6 - Low Apr 21 and key support
*SUP 4: $1658.2 - 50.0% retracement of the Apr 1 - 14 rally
Gold climbed higher yesterday and maintains this week's bullish note following
the bounce off Tuesday's low of $1659.6. A positive tone has also been
reinforced by the formation of a bullish candle pattern on Apr 21, a hammer
reversal. The focus is on a climb towards the Apr 14 high of $1747.4. A break of
this resistance would confirm a resumption of the uptrend and open $1754.5, the
Nov 22, 2012 high. Initial support lies at $1707.4, yesterday's low.

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