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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: $1327.8 @ 0430GMT
*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.

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