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Looking To Recover $1300 *RES 4:.........>

GOLD TECHS
GOLD TECHS: Looking To Recover $1300
*RES 4: $1319.3 - High Mar 27 
*RES 3: $1312.3 - High Mar 28 
*RES 2: $1307.9 - 50-dma 
*RES 1: $1303.8 - High Apr 8 
*PRICE: $1299.6 @ 06:02 GMT Apr 9
*SUP 1: $1281.0/1280.9 - Low Apr 3/Low March 7 
*SUP 2: $1276.8 - Low Jan 21/38.2% retracement 
*SUP 3: $1253.6 - 50% retracement 
*SUP 4: $1249.6 - 200-dma 
Gold spiked as high as $1303.8 yesterday before losing its grip on the $1300
level. Bulls are now looking to recover this level to target yesterday's high,
above which would bring the 50-dma at $1307.9 into play ahead of the March 28
high at $1312.3. Bears look for a close below the $1281.0/1280.9 April 3/March 7
lows. Below here would suggest further downside to the Low Jan 21/38.2%
retracement at $1281.0/1280.9.

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