Struggling With Key DMAs *RES 4:.........>

GOLD TECHS: Struggling With Key DMAs

*RES 4: $1340.8 - Low Apr 19 now resistance 

*RES 3: $1332.6 - High Apr 24 

*RES 2: $1326.9 - 100-DMA 

*RES 1: $1317.4 - Low May 11 now resistance

*PRICE: $1313.6 @ 0300GMT

*SUP 1: $1310.5 - Low May 10 

*SUP 2: $1306.5 - 200-DMA 

*SUP 3: $1301.5 - 2018 Low May 1 

*SUP 4: $1293.3 - 55-WMA

*COMMENTARY: The recovery from dips back to the 200-DMA last week resulted in a

test of key DMAs only to be rejected Friday. Bears continue to look for a close

below $1301.5 to add weight to the case for a test of the 200-WMA ($1234.5). The

55-DMA capped Friday with bulls still needing a close above $1332.6 to gain

traction above key DMAs and to return focus to $1355.7-1366.1 where 2018 highs

are found.