Forecast - 2013.01.15

Gold is making a sideways these last several day in my lower path as I predicted. But today it seems that gold is beginning to break the brown resistance. I guess it will make a new sideways path area, which more likely is in my upper path area.
I think gold will continue a little bit upside to maximum 1698-1705 area in several days ahead, probably in this week, but I guess it will not make a significant jump. I even think gold will have some attempts first before able to continue its journey to the north. In other words, I still think the area between 1698 - 1705 will be a good resistance area for gold.
In case gold has retracement, I think it will not be any lower than the bottom white support of the lower path, most likely, the brown separation line between the upper and lower area will become the new support for some days ahead.
Just use your own consideration before making any position.

Good luck and have a nice profitable trading.

GG - 2013.01.15