Triangle Breakout *RES 4: $1800.0 -......>

GOLD TECHS: Triangle Breakout

*RES 4: $1800.0 - Psychological round number

*RES 3: $1770.1 - 1.236 projection of the Nov - Mar rally from Mar 16 low

*RES 2: $1747.4 - High Apr 15 and bull trigger

*RES 1: $1739.3 - High Apr 27

*PRICE: $1733.6 @ 06:47 BST May 15

*SUP 1: $1736.6 - Low May 14

*SUP 2: $1692.0 - Low May 11

*SUP 3: $1676.8 - Low May 7

*SUP 4: $1670.7 - Low May 1

Gold traded higher yesterday and confirmed an important technical break,

clearing the top of the triangle formation it has been trading within the past

few weeks. The break higher signals a resumption of the underlying uptrend and

attention shifts to resistance at $1739.3, Apr 23 high and the key resistance at

$1747.4, the Apr 14 trend high. A break of the latter would confirm a resumption

of the uptrend. Support to watch for now is at $1692.0.