Topside Failure Weighing *RES 4:.........>

GOLD TECHS: Topside Failure Weighing

*RES 4: $1361.7 - High Feb 16 

*RES 3: $1351.3 - High Feb 19 

*RES 2: $1344.7 - Low Feb 16 now resistance 

*RES 1: $1340.7 - High Feb 26

*PRICE: $1327.0 @ 0530GMT

*SUP 1: $1312.9 - Hourly resistance Mar 1 now support 

*SUP 2: $1302.5 - Low Jan 2 

*SUP 3: $1301.7 - 100-DMA 

*SUP 4: $1288.4 - 200-DMA

*COMMENTARY: Time spent above the 21-DMA has been 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 $1288.12-1302.5 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.