$975ish is the next resistance level. It was hit and failed back in early July 2008... that failure was significant and confirmed the new downtrend that took GOLD back under $700 briefly in October.

this time around i think it blows through it. the rsi,roc and macd all look stronger and none are overbought suggesting an easy move to $1035 imo.

that all said, it's important to keep in mind that gold is already in a breakout into vigin territory as it'sclose today was its highest ever in every currency except the Yen and US dollar.

best part is, all the gold "people" i know are calling for a correction... don't think they will get it, which means they will in turn feel they are missing the boat and come crowding back into the trade.

my main vehicle remains DMM.

GLTA,

Buck