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Recovery Challenges Channel Top,.........>

GOLD TECHS
GOLD TECHS: Recovery Challenges Channel Top, $1330.1 Becomes Support
*RES 4: $1366.2 Jan 25 high
*RES 3: $1361.8 Feb 16 high
*RES 2: $1356.9 Intraday high
*RES 1: $1347.1 Hourly resistance
*PRICE: $1331.9 @1422GMT
*SUP 1: $1330.1 Mar 14 high, now support
*SUP 2: $1324.8 Mar 22 low
*SUP 3: $1315.3 Mar 2 low
*SUP 4: $1307.3 Mar 20 low
*COMMENTARY* Made it's way slightly back above $1354.1, the current level of the
2 month bear channel top but as yet unable to sustain it and the chance for a
further $1361.8-$1366.2 rise, as we continue to erase losses since the year's
$1366.2 high. As a consequence, support also rises, the Mar 14 high at $1330.1
now providing the initial protection against any deeper setbacks within this
years range above $1302.8.

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