Fed Weighs *RES 4: $1324.6 - High Mar....>

GOLD TECHS: Fed Weighs

*RES 4: $1324.6 - High Mar 25 

*RES 3: $1310.7 - High Apr 10 

*RES 2: $1297.0 - Downtrend resistance from Feb highs 

*RES 1: $1288.8 - High Apr 26 

*PRICE: $1274.2 @ 06:20 GMT May 2 

*SUP 1: $1266.3 - Low Apr 23 

*SUP 2: $1253.2/1249.6 - 200-dma/High Dec 10 

*SUP 3: $1243.5 - High Oct 26 

*SUP 4: $1231.6/1233.0 - 61.8% retracement/Low Dec 14 

Gold reversed from near two-week highs as the Fed's hawkish comments weighed,

shifting the focus back to the  April 23 low at $1266.3. A break opens the

200-dma/Dec 10 high at $1253.2/1249.6 ahead of the Oct 26 high. Bulls need to

take out the April 26 at $1288.8 to target down trendline resistance at $1297.0.

A close above here would shift the outlook bullish opening the April 10 at

$1310.7.