Key Support Remains $1659.6 *RES 4:......>

GOLD TECHS: Key Support Remains $1659.6

*RES 4: $1754.5 - High Nov 22, 2012

*RES 3: $1747.4 - High Apr 15 and bull trigger

*RES 2: $1739.3 - High Apr 23

*RES 1: $1721.7 - High Apr 30 and intraday bull trigger

*PRICE: $1704.5 @ 07:00 BST May 6

*SUP 1: $1670.7 - Low May 1

*SUP 2: $1659.6 - Low Apr 21 and key support

*SUP 3: $1653.1 - 50-day EMA

*SUP 4: $1640.9 - Low Apr 8

Gold is unchanged. The yellow metal found support Friday at $1670.7. Attention

has been on key support at $1659.6, Apr 21 low. If breached, this would signal a

S/T technical reversal and expose $1640.90, Apr 8 low. An ability to hold above

$1659.6 and break above $1721.7 Apr 30 high, would ease the bearish threat and

refocus attention on major resistance at $1747.4, Apr 14 high. Note a broad

daily triangle formation appears to be forming. This is a bullish signal.