Pullback Likely A Correction *RES 4:.....>

GOLD TECHS: Pullback Likely A Correction

*RES 4: $1762.5 - 1.000 Fibonacci extension of Mar 16 - 26 rally from Apr 1 low

*RES 3: $1754.5 - High Nov 22, 2012

*RES 2: $1747.4 - High Apr 15

*RES 1: $1721.0 - High Apr 17

*PRICE: $1695.3 @ 07:01 BST Apr 17

*SUP 1: $1679.3 - 38.2% retracement of the Apr 1 - 14 rally

*SUP 1: $1676.0 - Low Apr 13

*SUP 3: $1640.9 - Low Apr 8 and key near-term support

*SUP 4: $1609.4 - Low Apr 6

Gold is weaker however the pullback is likely a correction. A bullish theme

follows this week's gains that resulted in a break of key resistance at $1703.4,

the Mar 9 high. The $1703.4 print and breach, confirms a full retracement of the

sharp sell-off between Mar 9 - 16 and signals scope for gains towards $1754.5

next, the Nov 22, 2012 high. Further out, the focus is on $1796.1, Oct 5, 2012

high. With the yellow metal offered just now, watch support at $1676.0.