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YTD Lows In Focus *RES 4: $1359.0 -......>

GOLD TECHS
GOLD TECHS: YTD Lows In Focus
*RES 4: $1359.0 - Channel top 
*RES 3: $1346.8 - High Feb 20 
*RES 2: $1330.0 - High Feb 27 
*RES 1: $1315.3/1316.9 - High Mar 1/21-dma
*PRICE: $1294.0 @ 06:14 GMT Mar 4
*SUP 1: $1290.2 - Low Mar 1
*SUP 2: $1276.8 - Low Jan 21/38.2% retracement
*SUP 3: $1265.9 - 100-dma 
*SUP 4: $1253.8 - 50% retracement of Aug-Feb rally
Gold's selloff picked up pace on Friday with a number of support levels giving
way to bring the Feb 21 ytd lows into play at $1276.8. A break below here would
raise the prospect of a further downside reversal towards the 100-dma at
$1265.9. Bulls look to recover Friday's high and the 21-dma to stabilise the
outlook while it would take a recovery of the Feb 27 high for the uptrend to
resume. 

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