Initial Focus Shifts To 100-DMA *RES.....>

GOLD TECHS: Initial Focus Shifts To 100-DMA

*RES 4: $1344.7 - Low Feb 16 now resistance 

*RES 3: $1340.7 - High Feb 26 

*RES 2: $1330.0 - Hourly support Feb 26 now resistance 

*RES 1: $1323.9 - Hourly support Feb 27 now resistance

*PRICE: $1317.6 @ 2030GMT

*SUP 1: $1314.0 - Low Feb 27 

*SUP 2: $1305.9 - Low Jan 4 

*SUP 3: $1302.5 - Low Jan 2 

*SUP 4: $1300.2 - 100-DMA

*COMMENTARY: The lack of follow through above the 21-DMA ($1332.7) and rejection

ahead of the $1344.7-1351.3 region took its toll with a sell-off and dips below

the 55-DMA ($1318.8) that shifts focus to the 100-DMA. Bears need a close below

the 100-DMA to hint at a move back to Dec lows ($1235.9) with below the 200-DMA

($1287.2) to confirm. Layers of resistance are building with bulls need a close

above $1330.0 to gain breathing room.