The recovery we anticipated above 3250 for gold has arrived sharply. We are monitoring the 3400/3250 range as a broad band. Potential declines could continue to present buying opportunities. Above, we are watching the 3400/3440 area as resistance.

| Resistance | 3375 | 3400 | 3440 |
| Support | 3330 | 3300 | 3250 |