While the gold market has traded within a volatile and at times confusing range over the past several weeks, I believe the situation has rarely been clearer from a technical standpoint. The key levels in the near term are 1590 and 1620, with a break of either level likely implying a much larger move is close at hand - 1650 or 1550 next?

Gold Daily:

Gold_Daily_3.29.2013

Gold Fibonacci fan:

Gold_3.29.2013_Fibonacci

Gold Weekly:

Gold_Weekly_3.29.2013

With gold trapped within the longest 'consolidation' since the bull run began more than a decade ago, investors would be wise to pay extra attention to gold's next big move. Another test of the $1550 level would place the long term uptrend in peril, whereas, a rally above $1650 would greatly increase the odds that gold has left the $1550s behind once and for all. Either way, the charts are telling us that a big move is just around the corner for gold.....