Gold continues to refuse to play its hand, so we have yet to learn if  we are in a new downtrend or just a correction of the continuing uptrend. I am on a short-term buy signal since 2/16/2010 but that will soon end (maximum of 14 trading days in a trade) with little to show, at least at this point.  Important mid-term support and resistance levels are 1164.10 and 1044.50 basis the near-term contract. We’ll see which level gives first.  A nice summary the alternate counts was posted on the Market Oracle.