Signs Of Stability *RES 4: $1324.6 -.....>

GOLD TECHS: Signs Of Stability

*RES 4: $1324.6 - High Mar 25 

*RES 3: $1310.7 - High Apr 10 

*RES 2: $1303.4 - High May 14 

*RES 1: $1282.3 - 21-dma 

*PRICE: $1274.4 @ 02:56 GMT May 23 

*SUP 1: $1269.6 - Low May 21 

*SUP 2: $1266.3 - Low May 2 

*SUP 3: $1258.9 - 200-dma 

*SUP 4: $1251.1 - High Dec 10 

Gold is holding above Tuesday's low at $1269.6 for now but recovery efforts have

been mild keeping the bearish picture intact. A break below here would open the

key May 2 low at $1266.3 with a break suggesting further downside towards the

200-dma at $1258.9. Bulls target the 21-dma at $1282.3 to improve the outlook

and open the May 14 high at $1303.4. Above here would extend the rally towards

the April 10 high at $1310.7.