FEB GOLD

Resist: 1729.70-1730.80, 1754.50*
Supprt: 1711.00*-, 1690.30, 1667.40
Comment: The market remains in a bear trend and last Thursday’s reversal break reconfirms a rejection from 1754.50* resistance, alerting for a drop out from flagging corrections. A close under 1711.00* projects selloffs to attack the 1667.40 swing low. If trade can not close under 1711.00*, we may see modest recovery action, but a close over 1754.50* is needed to rekindle bull trend forces.