Narrowing Bollinger Bands Ringing........>

GOLD TECHS: Narrowing Bollinger Bands Ringing Alarm Bells

*RES 4: $1344.7 - Low Feb 16 now resistance 

*RES 3: $1340.7 - High Feb 26 

*RES 2: $1330.0 - High Mar 14 

*RES 1: $1321.7 - High Mar 16

*PRICE: $1316.2 @ 0430GMT

*SUP 1: $1314.6 - Hourly resistance Mar 16 now support 

*SUP 2: $1307.5 - Low Mar 16 

*SUP 3: $1305.0 - 100-DMA 

*SUP 4: $1302.5 - Low Jan 2

*COMMENTARY: Support emerging on dips back towards the 100-DMA is less than

ideal with narrowing Bollis hinting at a break out. In saying that, bulls need a

close above $1321.7 to ease bearish pressure and above $1330.0 to confirm breaks

of 21 ($1322.9) & 55 ($1329.4) DMAs, shifting focus to $1340.7-1351.3. Bears

need a close below $1302.5 to hint at a move back to $1235.9 and below the

200-DMA to confirm.