Gold the Bounce

Here we need to see a weekly closing above the 1143 level to raise any hope of a temporary low. Without that, we have a turning point in February which can be a high with a low moving into the next Benchmark target. A closing for January below the 1103 level will warn there is inherent weakness still lingering within this market. Next month, watch the 1097 level for that is key support. Break that and its looking into a low into the second benchmark.

Gold the Bounce