GOLD: With attempts of resuming its short term uptrend failing on Wednesday for a marginal higher close, consolidation above its broken falling trendline may continue. If however GOLD retakes the 1,279.08 level, its Jan 27 2014 high to create scope for more upside the 1,300.00 level, its big psycho level will be targeted. A clearance of here if seen will turn focus to the 1,350.00 level. Further out, resistance stands at the 1,400.00 level, its psycho level. Conversely, the risk to this analysis will be a return to the downside towards the 1,231.48 level. Further down, support resides at the 1,218.35 level, ... (full story)