The Directional Change on January 23rd showed gold was moving to the upside. However, it is just a lot of noise  until the previous month's high of 1769.40 is exceeded. Volatility should continue but gold MUST close above 1755 on January 31st to signal a possible rally into February.  

Martin Armstrong will appear live from Princeton, New Jersey at the World Outlook Conference, February 10, 11 to discuss his latest forecast for the Stock Markets, Gold and other markets. For tickets click on the World Outlook button at the top or HERE