Our caution over how far the recovery within the range could go, has proved justified as the near term outlook has rolled over. We look to continue to trade gold within the medium term range between $1660/$1764 and with near term corrective signals emerging, resistance is being bolstered and the bias is turning lower again. We do not expect this move will be sustained for too long though. On Friday, we discussed about the prospect of a near term dollar rally and this would play negatively into gold. Its seems that this is the case for now. The dollar has picked up in the past few sessions and this is beginning to ... (full story)