FEB GOLD

Resist: 1629.20-1639.40
Supprt: 1591.80-1582.50

1* The downside objectives for this formation range from 1481.50 to 1445.90 with a close over 1688.70 needed to negate a bear trading stance.

2* Market is within proximity of this week's projected resistance range of 1663.30-1624.60, which may provide a likely zone for topping action or setbacks.

3* Yesterday's penetration of resistance range levels gives a statistical bias for rallies today-tomorrow.