JUN GOLD

Resist: 1674.50-1679.50, 1690.20*+
Supprt: 1658.60, 1653.90*-, 1642.80
Comment: The rejection over 1690.20* is prompting congestion just over key 1653.90* support. A close under 1653.90* will rekindle bear trend forces for another drop against 1628.20* weekly support. Stable trade off 1653.90* for a few days should foster creeping rallies, but look for a close over 1690.20* or pop over last Tuesday’s high to rekindle retracements to the 1729.40 swing target.