April 2015 Contract
A still more bearish tone into latter February, with a better push to a new down trend low at 1190 and despite a bounce, capped by modest resistance at 1210 and by our better resistance at 1223/25.
The previous push below chart/ psychological/ retrace support at 1206/1200/1198 leaves the threat still lower for month-end and into March.
For Today: The risk is now back down through 1190 for 1186, maybe 1179.
February Downside Risks: We see a more negative tone with the bearish threat through 1186/79 and to 1168, the 2015 low.
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Daily Gold Future Chart