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Looking For Direction *RES 4: $1324.6....>

GOLD TECHS
GOLD TECHS: Looking For Direction
*RES 4: $1324.6 - High Mar 25 
*RES 3: $1310.7 - High Apr 10 
*RES 2: $1303.4 - High May 14 
*RES 1: $1289.7 - 55-dma 
*PRICE: $1283.4 @ 03:27 GMT May 28 
*SUP 1: $1269.6 - Low May 21 
*SUP 2: $1266.3 - Low May 2 
*SUP 3: $1260.4 - 200-dma 
*SUP 4: $1251.1 - High Dec 10 
Gold has pulled back from yesterday's highs as the metals continues to look for
direction. Bulls need to clear the 55-dma at $1289.7 to shift the near term
outlook positive and open the May 14 high at $1303.4 ahead of the April 10 high
$1310.7. Bears' focus remains on the May 21 low at $1269.6 with a break opening
key May 2 low at $1266.3. Below here would suggest a deeper correction down to
the 200-dma at $1260.4.

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