Gold futures prices on Wednesday morning were scoring solid gains and pushed above what was strong psychological support at $1,200.00 an ounce. Gold last traded up $17.00 an ounce at $1,204.40. Short covering and bargain-hunting buying interest are featured Wednesday. The near-term technical posture of the gold market is improving as a six-week-old price downtrend on the daily chart is on the verge of being negated. A push in GOLD prices above the last "reaction high" on the daily chart, at $1,207.50, would negate the aforementioned uptrend and provide the bulls with better upside momentum.

Here we go!!!

Peace

TMl26