FEB GOLD

Resist: 1649.00, 1659.50+/-
Supprt: 1623.90-1628.30*, 1608.40, 1599.50*
Comment: The market is short term bullish and current recovery action should motivate additional rallies to 1659.50-1669.50. Stable action within Tuesday’s rally off 1621.90* will quickly bull flag congestion and prompt continuation rallies. A slip under 1605.50 hurts bull forces, but a close under 1598.80* is needed for a reversal turn into a secondary downswing.