Gold future targets break above 1337 retrace level; risk to 1362, 1375 and 1380 into early March
A solid tone into the latter part of last week further highlights reluctance to confirm the bearish outside Tuesday, with activity still viewed as corrective whilst minimally above 1300 support.
The bullish tone is undamaged from the mid-Feb surge through notable chart and retrace levels 1280, 1294 1308 and 1326
The risk into latter Feb remains to 1337, the 61.8% retrace level.
Overshoot threat for the month is up to the 2013 swing peaks at 1362 and 1375.
The 8-day RSI has corrected from OB, again leaving scope to go higher into late Feb.
WHAT CHANGES THIS?
Below 1300 eases bull risks; through 1283 signals a neutral tone, only shifting negative below 1257.
Please see full report with levels and latest audio-visual analysis here: