Remains Below Tuesday's High *RES 4:.....>

GOLD TECHS: Remains Below Tuesday's High

*RES 4: $1600.0 - Round number resistance

*RES 3: $1582.6 - 61.8% retracement of the Jan 8 - Jan 14 decline

*RES 2: $1573.7 - 50.0% retracement of the Jan 8 - Jan 14 decline

*RES 1: $1568.7 - High Jan 21

*PRICE: $1560.9 @ 07:49 GMT Jan 24

*SUP 1: $1546.0 - Low Jan15

*SUP 2: $1536.0 - Low Jan 14 and bear trigger

*SUP 3: $1528.6 - 50% retracement of the Nov 12 - Jan 8 rally

*SUP 4: $1517.3 - Low Jan 2

Gold is unchanged and trading in a somewhat choppy manner. The yellow metal

failed to hold onto Tuesday's $1568.7 high. This has left two important

resistance levels untouched and in place. $1573.7 and 1582.6 mark the 50% and

61.8% retracements of the Jan 8 - Jan 14 sell-off. While they remain in place,

recent gains are most likely corrective and the outlook remains bearish.

Attention is on support at $1546.0, Jan 15 low. A break would open $1536.0.