Recovery Challenges But Fails To.........>

GOLD TECHS: Recovery Challenges But Fails To Sustain Break Of Channel Top

*RES 4: $1361.8 Feb 16 high

*RES 3: $1356.9 Mar 27 high

*RES 2: $1347.2 Mar 28 high

*RES 1: $1339.9 Mar 27 low, now resistance

*PRICE: $1339.1 @1712GMT

*SUP 1: $1321.3 Mar 29 low

*SUP 2: $1315.3 Mar 2 low

*SUP 3: $1307.3 Mar 20 low

*SUP 4: $1302.8 Mar 1 low

*COMMENTARY* Early last week made it's way slightly back above $1353.3, the

current level of the 2 month bear channel top but unable to sustain it and the

chance for a further $1361.8-$1366.2 rise. As a consequence, we have seen a

swift pullback, losing $1336.7-$1330.1 support in the process. This now leaves

$1315.3 as providing the protection against any deeper setbacks within this

years range above $1302.8. Resistance $1339.9-$1347.2.