Interesting commentary on gold last week on the Tom O' Brien show.

Indicated that the April 2013 lows and volumes will make it tough for gold to make it past the 1350 mark with volume confirmations on the daily, weekly and monthly needing to be much higher.

Bullish case is hitting and being repelled by the 1350 mark several times before building enough cause and volume to eventually overtake the 1350 level which could take weeks to several months out. This would put us in a 1280 to 1350 trading range for awhile. This would set up the ideal conditions volume wise to legitimately take out the 1433 August 2013 level and realistically target the 1550 level.

Bearish case is taking out the 1350 mark on less volume than the April 2013 levels going to the August highs of 2013 at 1433 on lessening volume setting the stage for a large correction possibly back to the 1180 level and a much longer consolidation timeframe than the bullish case scenario.

Link http://tfnn.com/