Gold Aims for $694-700

Gold rebounded off 656.40 Feb 21 low and is likely to extend the up-leg off 602.20 Jan 5 low beyond 688.40 Feb 23 high.

Expect a break there for further gains to 692.27, projection target, preceding 694.60 high.

Meanwhile, supports are located at 682.50/673.50 former highs and 670.00 rising trend-line.

Beneath 656.40, however, risks 645.00 zone.

Silver continues to ascend above the trend-line resistance off 15.240 May 2006 critical top.

Former high at 14.100, Feb 14 high turns support to underpin further up-side to 15.080, May 12, 2006 high ahead of 15.240, May 11, 2006 high.

Losing 14.185 Feb 23 low, however, dampens bullish tone for setback below 13.690 Feb 20 low.