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Outlook Neutral For Now *RES 4:..........>

GOLD TECHS
GOLD TECHS: Outlook Neutral For Now
*RES 4: $1346.8 - High Feb 20 
*RES 3: $1324.6 - High Mar 25 
*RES 2: $1310.7 - High Apr 10 
*RES 1: $1299.0 - Downtrend resistance from Feb highs 
*PRICE: $1283.7 @ 06:10 GMT Apr 30 
*SUP 1: $1266.3 - Low Apr 23 
*SUP 2: $1252.7/1249.6 - 200-dma/High Dec 10 
*SUP 3: $1243.5 - High Oct 26 
*SUP 4: $1231.6/1233.0 - 61.8% retracement/Low Dec 14 
Despite recovering broken neckline support yesterday. gold's recovery has so far
failed to overcome down trendline resistance from the Feb highs which comes in
just below $1300. A close above here would open the April 10 at $1310.7 high
ahead of the March 25 high at $1324.6. On the downside bears look to take out
the April 23 low at $1266.3 to build downside momentum toward the 200-dma/Dec 10
high at $1252.7/1249.6.

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