Spot Gold: Head and shoulders top remains valid but the gold price looks short term sidelined now.
Spot Silver: Now that our first downside target at 26.42 has been reached a minor corrective bounce is seen.
Gold/Silver Ratio: Last week’s recovery rally was short lived with the Dec. 2006 low at 45.26 being back in view.
Palladium: Continues to trade within the significant 800/837.50 resistance area which remains key.
Platinum: Minor bounce is seen but the 1742/29 support zone will remain in focus as long as 1853.50 caps.