Monday, 2 April 2012

JUN GOLD

Resist: 1674.50-1679.50, 1690.40*+
Supprt: 1653.90*-, 1642.90, 1628.50*
Comment: The rejection 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. Stable trade off 1653.90* for a few days should foster creeping rallies, but look for a close over 1690.40* or pop over last Tuesday’s high to rekindle retracements to the 1729.50 swing target.

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