Technically, gold futures prices closed near the daily high today. The bulls have the solid overall near-term technical advantage and gained more power today. Prices are in an accelerating four-week-old uptrend on the daily bar chart. Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,450.00. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at $1,375.00. First resistance is seen at today’s high of $1,421.00 and then at $1,425.00. First support is seen at today’s low of $1,403.60 and then at $1,400.00. Wyckoff's Market Rating: 8.5


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