Gold Update

Even as the dollar recovers against select currencies (euro, sterling, etc...) gold maintains a toehold over $650, holding at$653.00/oz, on the high side of a $646.50 to $654.00.
The rally Tuesday over trendline resistance at $642/$643 saw some accounts "buying the break" and Thursday's further rebound above the Dec peaks at $649.50 appears to further confirm the new uptrend.
The next hurdle ahead of the summer highs at $676 will be the August peaks at $654/$655.50.