JUN GOLD

Resist: 1647.80-10, 1654.30, 1659.00*
Supprt: 1626.30, 1622.20-1620.90, 1604.40-
Comment: The market is slipping to the downside, following bear trend forces. A drop under 1620.90 should propel declines to attack under the 1613.20 swing low. A close under 1613.20 targets declines to 1604.40- and below 1600-. Trade may try to hang in congestion, but rally attempts capped under 1648.10 will reinforce bear trend signals. Only a close over 1659.00* marks an upturn and hints for a climb near 1689.90.

MAY SILVER

Resist: 31.17-31.28, 31.59, 32.20*
Supprt: 30.62*+/-, 29.95, 29.44-
Comment: Monday’s break highlights a bear downturn from congestion of recent weeks. Trade closed along the 30.62* support point which may try to hold the market for some consolidation action, but a reluctance to climb back into previous congestion favors follow through selloffs. A close under 30.56* signals for selloffs to 29.44. Only a close over 32.25* negates the downside breakout and flips short term forces up