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

GOLD TECHS: Narrowing Bollinger Bands Ringing Alarm Bells

*RES 4: $1340.7 - High Feb 26 

*RES 3: $1330.0 - High Mar 14 

*RES 2: $1321.7 - High Mar 16 

*RES 1: $1313.6 - Hourly resistance Mar 20

*PRICE: $1310.44 @ 2030GMT

*SUP 1: $1305.0 - 100-DMA 

*SUP 2: $1302.5 - Low Jan 2 

*SUP 3: $1293.5 - Low Dec 29 

*SUP 4: $1290.1 - 200-DMA

*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 ($1322.6) & 55 ($1329.2) 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.