Gold Update

Gold holds at $658.50/oz, after trading in a $648.40 to $660.55 range.
Last week, the precious metal topped out around $661.50 after having broken various peaks in the $654/$655 range.
The market is watching to see if there is any followthrough back over last week's highs or if a double top may be forming.
The metal now needs to conquer the $661 high from February 1st and may run into some scaled up selling as traders lock in profits however the metal is now nicely placed to challenge the $676 high from July.