FEB GOLD

Resist: 1649.50, 1659.60+/-, 1676.10 
Supprt: 1626.80, 1624.40, 1610.00*
Comment: The market is short term bullish with the recovery action of the past couple weeks still signaling for additional rallies at 1659.60-1669.70. A quick rebound from 1625.20+/- and stabilizing action will quickly bull flag congestion and prompt continuation rallies. Only a close under 1610.00* marks a reversal turn into a secondary downswing to reach against the upturn levels at 1569.70-1559.60.

MAR SILVER
Resist: 30.15, 30.35, 30.95+/-
Supprt: 29.39, 29.05-28.88*
Comment: The market is triggering a bull up turn and targets retracement rallies over the next few days to 30.95 as well as create potential to 32.33*. Stable action over 30.25+ should again promote advances. Dips that hold inside last Wednesday’s inside day should bull flag and provide a staging area for rallies. Only a close under 28.88* marks a turnover back to lower levels.