JUN GOLD

Resist: 1652.00, 1661.80-1662.70, 1674.50

Supprt: 1639.50+/-, 1628.30*
Comment: The market is suggesting a return to bear trending trade with yesterday’s drop marks a downturn from corrections and signaling for a slide to a secondary test of 1628.30* weekly support. A close under 1628.30* alerts for a fresh bear wave along 1600.50. We may see modest corrections inside the lower half of yesterday’s downturn, but tight congestion will bear flag. Only a close over 1690.80* marks a critical turn back to bull trending trade.