March 13 High Capping Gains *RES 4:......>

GOLD TECHS: March 13 High Capping Gains

*RES 4: $1346.8 - High Feb 20 

*RES 3: $1337.2 - Broken trendline support from Nov lows 

*RES 2: $1330.0 - High Feb 27 

*RES 1: $1311.0/1311.3 - High Mar 19/ high March 13 

*PRICE: $1304.8 @ 05:33 GMT Mar 20 

*SUP 1: $1292.9 - Low March 14 

*SUP 2: $1280.9 - Low March 7 

*SUP 3: $1276.8 - Low Jan 21/38.2% retracement 

*SUP 4: $1274.4 - 100-dma 

Gold's rally above the 21-dma was met by resistance just ahead of the March 13

high at $1311.3 with a break above this level needed to reignite upside momentum

towards the Feb 27 high at $1330.0. Above here would allow a challenge of

trendline support turned resistance from the Nov lows. Bears look for a move

below Thursday's low at $1292.8 for a downside break. Below here would open the

the Mar 7 low at 1280.9 ahead of the Jan 21 low and 38.2% retracement.