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TECHS: Gold is also off its.........>

PRECIOUS METALS
PRECIOUS METALS: TECHS: Gold is also off its earlier highs today of $1655.0.
- A combination of a shooting star (inverted hammer) candle pattern on Monday
and a bearish engulfing reversal yesterday suggest bullish sentiment is waning.
- It can also be argued that a correction is overdue.
- If the yellow metal breaches yesterday's low of $1625.2, this would open
$1600.0 and potentially below to $1581.2, the Feb 18 low.
- Initial resistance is at $1664.1. Key resistance is at $1689.3, Monday's high.

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