Trades Back Into Lower Half Of Range,....>

GOLD TECHS: Trades Back Into Lower Half Of Range, $1315.6 Key Support

*RES 4: $1348.3 Apr 4 high

*RES 3: $1344.9 Apr 2 high

*RES 2: $1341.3 Hourly high Mar 28

*RES 1: $1335.6 Apr 6 high

*PRICE: $1328.6 @0947GMT

*SUP 1: $1315.6 76.4% Fibo of $1302.8-$1356.9

*SUP 2: $1307.3 Mar 20 low

*SUP 3: $1302.8 Mar 1 low

*SUP 4: $1295.8 2018 bear channel base

*COMMENTARY* The rally from the Mar 30 dip to $1321.3, failed at $1348.3 last

Wednesday, as the recent range continued to dictate proceedings. The subsequent

fall below $1328.4 has seen the Mar 29 low at $1321.3 give way, sustained loss

here and a move back into the lower half of the recent range sees $1315.6 as

next support of note and protection against a further $1307.3 decline.

Resistance from $1335.6 but above $1341.3 needed to relieve immediate pressure.