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Pause in The Uptrend *RES 4: $1346.8 -...>

GOLD TECHS
GOLD TECHS: Pause in The Uptrend
*RES 4: $1346.8 - High Feb 20
*RES 3: $1344.2 - Broken trendline support from Nov lows
*RES 2: $1330.0 - High Feb 27
*RES 1: $1324.6 - High March 25
*PRICE: $1311.1 @ 06:49 GMT Mar 28
*SUP 1: $1309.0 - Uptrend support from March 7 low
*SUP 2: $1298.8 - Low March 20
*SUP 3: $1280.9 - Low March 7
*SUP 4: $1276.8 - Low Jan 21/38.2% retracement
Gold's recovery stalled ahead of $1319.5, followed by a sharp retracement back
under $1310. The yellow metal has since pared losses. Consolidation above $1320
would see bulls focus on Monday's high at $1324.6. Above here opens the $1330.0
level marking the Feb 27 high, ahead of broken trendline
support-turned-resistance at $1344.2. Bears need a close below uptrend support
from the March 7 low to bring the $1300 area back into view.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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