FEB GOLD

Resist: 1628.50-1631.50*, 1642.80
Supprt: 1596.50, 1582.30-1580.50, 1573.50-
Comment: The surging rallies are signaling a short term reversal turn, calling for a recovery to test 1631.50*. Trade is poised for continued sideways higher trade action the next few days. A close over 1631.50* should spark a run to 1659.50-1669.80. Be careful for a setback from the 1631.50*+/- level on the first test. Corrective dips that hold within Tuesday’s range will quickly bull flag and provide a staging level for
rallies. A close under 1563.00* is needed to rekindle bear forces.