The recent rally in Gold has halted and the precious metal is declining Monday despite the S&P futures trading down pre-market.  Despite the hesitation, Gold still has our 2nd tier uptrend for near-term to fall back on for the time being.  The next week of trading in Gold should prove to be important trend wise.

Gold is trying to recover from its mid-February to early-March selloff and continue its mid-term uptrend.  However, considering February highs were below 2008 highs, Gold has the potential to dip back into a downtrend. 

We remain positive trend-wise unless Gold falls below our 1st and 2nd tier trend lines and the psychological $900/oz level.  Fundamentally, we hold our resistances of $937.81/oz, $945.57/oz, $953.32/oz and $959.84/oz.  To the downside, we maintain our supports of $930.76/oz, $925.09/oz., $918.58/oz., and $910.33/oz.  Gold is currently trading at $935.20/oz.

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