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Neckline Holding For Now *RES 4:.........>

GOLD TECHS
GOLD TECHS: Neckline Holding For Now
*RES 4: $1319.3 - High Mar 27 
*RES 3: $1312.3 - High Mar 28 
*RES 2: $1306.2 - 55-dma 
*RES 1: $1299.9 - High Mar 29 
*PRICE: $1288.7 @ 06:42 GMT Apr 2 
*SUP 1: $1285.4/1283.1 - Low Apr 2/Neckline support from Jan 25 low 
*SUP 2: $1280.9/1281.9 - Low March 7/100-dma 
*SUP 3: $1276.8 - Low Jan 21/38.2% retracement 
*SUP 4: $1253.6 - 50% retracement 
Gold continues to trade heavy but remains above the key neckline support level
which comes in at $1283.1. Bears look for a close below here to target the
100-dma/Mar 7 low at $1281.9/1280.9. Below here would suggest further downside
potential. Bulls remain focused on the $1300 level to stabilise the outlook,
opening the 55-dma at $1306.2.

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