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Key Resistance Area In Focus *RES 4:.....>

GOLD TECHS
GOLD TECHS: Key Resistance Area In Focus
*RES 4: $1324.6 - High Mar 25 
*RES 3: $1310.7 - High Apr 10 
*RES 2: $1292.0/1295.0 - Downtrend resistance from Feb highs/55-dma
*RES 1: $1288.8 - High Apr 26 
*PRICE: $1287.2 @ 06:08 GMT May 8 
*SUP 1: $1266.3 - Low May 2 
*SUP 2: $1254.4/1249.6 - 200-dma/High Dec 10 
*SUP 3: $1243.7 - High Oct 26 
*SUP 4: $1231.6/1233.0 - 61.8% retracement/Low Dec 14 
Gold remains on the front foot as bulls target the key resistance area marking
the April 26 high, downtrend resistance, and the 55-dma at
$1287.2/1292.0/1295.0. Above here would shift the outlook firmly bullish opening
the April 10 high at $1310.7. To regain the upper hand bears look for a break
below Thursday's low at $1266.3 to open the 200-dma/Dec 10 high at
$1254.4/1249.6 ahead of the Oct 26 high.

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