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Topside Failure Weighing, 21-DMA Now.....>

GOLD TECHS
GOLD TECHS: Topside Failure Weighing, 21-DMA Now Capping
*RES 4: $1344.7 - Low Feb 16 now resistance 
*RES 3: $1340.7 - High Feb 26 
*RES 2: $1328.9 - 21-DMA 
*RES 1: $1322.8 - Hourly resistance Mar 8
*PRICE: $1317.4 @ 0430GMT
*SUP 1: $1312.9 - Hourly resistance Mar 1 now support 
*SUP 2: $1302.5 - Low Jan 2 
*SUP 3: $1301.9 - 100-DMA 
*SUP 4: $1288.7 - 200-DMA
*COMMENTARY: Time spent above the 21-DMA was brief with the correction lower
Wednesday leaving gold looking a little heavy. Bears now look for a close below
$1312.9 to confirm a return in focus to $1288.7-1302.5 where 100 & 200-DMAs are
situated. Bulls continue to look for a close above $1351.3 to initially focus on
$1367.3-1374.9 where 2016 highs are noted. Daily studies are well placed for
gains.

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