APR GOLD

Resist: 1670.00, 1679.50, 1690.40*+
Supprt: 1653.90*, 1642.80, 1628.50*
Comment: The market tried to start a bottoming upturn, but the reluctance to hold over 1690.40* is prompting a drop back against key 1653.90* support. A close under 1653.90* will rekindle bear trend forces for another drop against 1628.50* weekly support. A bounce off 1653.90* should foster creeping rallies, but look for a close over 1690.90* or pop over Tuesday’s high to rekindle retracements to the 1729.40 swing target.