Focus Shifts To $1306.1-1320.0 *RES 4:...>

GOLD TECHS: Focus Shifts To $1306.1-1320.0

*RES 4: $1334.8 - High Sept 13 

*RES 3: $1320.0 - High Sept 18 

*RES 2: $1306.1 - Monthly High Oct 16 

*RES 1: $1299.1 - Monthly High Nov 27

*PRICE: $1295.8 @ 0300GMT

*SUP 1: $1286.8 - 100-DMA 

*SUP 2: $1281.5 - Low Dec 27 

*SUP 3: $1275.4 - 55-DMA 

*SUP 4: $1270.5 - 200-DMA

*COMMENTARY: The recovery from Dec lows has resulted in closes above the 55-DMA

and bear channel top with immediate focus now on $1306.1-1320.0 following the

break of $1289.5. O/B daily studies and the Bollinger top ($1297.8) are concerns

for bulls. Bears now need a close below the 100-DMA to ease immediate bullish

pressure and below the 21-DMA ($1266.4) to hint at a move back to Dec lows.