Gold peaked on our target week at the 1307 level failing to get
through the first line of key resistance at 1310 intraday. Gold also
failed to close above 1298 on a weekly basis. Today, the key support
lies at the 1226 level and a weekly closing beneath this area is require
for the break. Keep in mind that volatility should start to rise for
the next two weeks and we see turning points targeted for the weeks of
02/16 and 03/02. Everything else remains on track.
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