Reversal Potential *RES 4: $1365.2 -.....>

GOLD TECHS: Reversal Potential

*RES 4: $1365.2 - High April 11 

*RES 3: $1309.4 - High June 14 

*RES 2: $1300.0 - Pivot area 

*RES 1: $1295.1 - Triangle top 

*PRICE: $1281.8 @ 06:14 GMT Jan 21 

*SUP 1: $1276.7 - Low Jan 4 

*SUP 2: $1247.1 - 200-dma 

*SUP 3: $1241.8 - Low Dec 19 

*SUP 4: $1225.0 - Up trendline support from Aug low 

Bulls' failure to take out triangle top resistance at $1295.1 has week has seen

bears take control, with the metal breaking below its 21-dma to target range

lows at $1276.7 seen on Jan 4. Below here would suggest a bearish reversal,

opening the 200-dma at $1247.1. Bulls need a break above $1295.1 to trigger a

continuation pattern, targeting the $1300 pivot area initially ahead of a return

to the June 14 highs at $1309.4.