Watching trendline support *RES 4:.......>

GOLD TECHS: Watching trendline support

*RES 4: $1587.0 - 61.8% retracement of the 2011 to 2015 decline

*RES 3: $1557.3 - High Sep 4 and key resistance

*RES 2: $1528.3 - High Sep 6

*RES 1: $1524.3 - High Sep 12

*PRICE: $1498.6 @ 07:05 BST Sep 13

*SUP 1: $1484.6 - Low Sep 10 and just below t-line support drawn off May 30 low

*SUP 2: $1471.4 - Low Aug 7

*SUP 3: $1453.1 - High Jul 19

*SUP 4: $1436.8 - Low Aug 5

Gold's volatile session post ECB yday has defined a near-term resistance at

1524.3. The yellow metal has this week traded to a low just ahead of trendline

support drawn off the May 30 low, at 1487.0 today. While current conditions

remain bearish, a break of the trendline and 1484.6 is required to confirm the

next leg lower. Thus far, prices remain above the line. If the trendline holds

and impulsive gains above 1524.3 follow, this could see a bullish theme return.