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Uptrend Forming *RES 4: $1346.8 - High...>

GOLD TECHS
GOLD TECHS: Uptrend Forming
*RES 4: $1346.8 - High Feb 20 
*RES 3: $1340.2 - Broken trendline support from Nov lows 
*RES 2: $1330.0 - High Feb 27 
*RES 1: $1320.5 - High March 21
*PRICE: $1316.4 @ 06:00 GMT Mar 25 
*SUP 1: $1306.9 - Uptrend support from March 7 low
*SUP 2: $1298.8 - Low March 20 
*SUP 3: $1280.9 - Low March 7 
*SUP 4: $1276.8 - Low Jan 21/38.2% retracement 
Gold looks to be benefitting from the return to risk aversion as Thursday's high
at $1320.5 comes back into focus. Consolidation above here brings the Feb 27
high into view at $1330.0, ahead of a potential return to the Feb 20 ytd high.
Bears need a break below uptrend support from the March 7 low at $1306.9. Below
here would bring the $1300 area back into play.

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