Resumes Its Bull Trend *RES 4: $1758.6...>

GOLD TECHS: Resumes Its Bull Trend

*RES 4: $1758.6 - 1.382 projection of Feb 5 - Feb 25 rally from Feb 28 low

*RES 3: $1738.3 - 1.236 projection of Feb 5 - Feb 25 rally from Feb 28 low

*RES 2: $1704.8 - 1.00 projection of Feb 5 - Feb 25 rally from Feb 28 low

*RES 1: $1703.4 - Intraday high

*PRICE: $1680.2 @ 07:37 GMT Mar 9

*SUP 1: $1657.7 - Intraday low

*SUP 1: $1632.0 - Low Mar 4

*SUP 3: $1586.7 - Low Mar 3

*SUP 4: $1563.1 - Low Feb 28 and key support

Gold rallied last week and has followed through today. The metal recently pulled

back to a key area of support at the 50-day EMA. This is an average used to

assess the direction of a trend. With a positive slope, it suggested the

direction was up. The sharp rally off the average confirmed a resumption of the

current phase of the bull trend that began off last November's lows. The focus

is on $1704.8 and $1738.3 next. $1657.7 is first support.