JUN GOLD

Resist: 1668.50, 1684.80+/-, 1689.80-1701.80
Supprt: 1648.50, 1639.30*, 1620.90
Comment: Last week’s rallies suggest a short term reversal that could boost a retracement up to 1689.8-1701.80. Use a surge over 168540 to spark a run at 1690+. A close over 1701.80 is bullish. Be ready for defensive congestion along 1650.20-, but a close under 1638.80* is needed to rekindle bear forces and release selloffs to attack last week’s low as well as leave trade vulnerable to declines under 1600-.