Gold removes the resistance..

After reaching the 655 - 660 resistance area I mentioned in earlier posts, Gold bounced back, tested the broken downtrend line, regained strength and broke through, removing the last Fibonacci resistance, the 61.8% retracement level of the 729.70 - 543.20 corrective trip. As I pointed out in a previous post, the next resistance level should be around 675 (around a previous top). The COT numbers broke out, as well, reaching levels unseen since May 2006. The open interest starts easily climbing and indicates new highs may be in the cards.