Trendline Support Cleared *RES 4:........>

GOLD TECHS: Trendline Support Cleared

*RES 4: $1650.4 - High Mar 12

*RES 3: $1627.5 - 50.0% retracement of the Mar 9 - Mar 13 sell-off

*RES 2: $1598.0 - High Mar 13

*RES 1: $1580.7 - 38.2% retracement of the Mar 9 - Mar 13 sell-off

*PRICE: $1545.0 @ 07:01 GMT Mar 16

*SUP 1: $1524.2 - Intraday low

*SUP 1: $1504.8 - Trendline support drawn off the May 30, 2019 low

*SUP 3: $1500.0 - Psychological round number

*SUP 4: $1484.5 - Low Dec 24

Gold faced selling pressure again Friday. Price has cleared the important

trendline support drawn off the May 30, 2019 low. This reinforces the current

bearish theme and with momentum studies also pointing south, further weakness is

likely. Attention is on the psychological $1500.0 level. A break would open

$1484.5, the Dec 24 low and $1470.5, the Dec 18 low next. The yellow metal needs

to trade back above $1598.0 to ease the bearish threat.