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GOLD TECHS: Support Found
*RES 4: $1388.0 - High Mar 14, 2014
*RES 3: $1365.2 - High April 11
*RES 2: $1360.0 - Downtrend resistance from July 11 high
*RES 1: $1326.3 - High Jan 31
*PRICE: $1304.3 @ 06:12 GMT Feb 8
*SUP 1: $1302.9 - Low Feb 7
*SUP 2: $1276.8 - Low Jan 21
*SUP 3: $1273.0 - 55-dma
*SUP 4: $1245.8 - 200-dma
Gold's corrective pullback found some support ahead of the Jan 4 high, keeping
the broader bullish trend intact. Bulls now shift their focus to the Jan 31 high
at $1326.3, above here brings down trendline resistance from the July 11 high
into play at $1360.0. Bears target yesterday's low at $1302.9, below here would
allow a run at the Jan 21 low at $1276.8.