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Focus Remains On The Downside *RES 4:....>

GOLD TECHS
GOLD TECHS: Focus Remains On The Downside
*RES 4: $1312.3 - High Mar 28 
*RES 3: $1310.7 - High Apr 10 
*RES 2: $1297.0 - Downtrend resistance from Feb highs 
*RES 1: $1279.9 - High Apr 22 
*PRICE: $1275.1 @ 06:11 GMT Apr 25 
*SUP 1: $1266.3 - Low Apr 23 
*SUP 2: $1251.8/1249.6 - 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 managed to hold above Tuesday's lows yesterday but the bigger picture trend
remains negative. Bears look to take out Tuesday's low at $1266.3 to build
downside momentum toward the 200-dma/Dec 10 high at $1251.8/1249.6. Bulls need
to break back above Monday's high at $1279.9 to improve the outlook and target
downtrend resistance at $1297.0.

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