April gold futures reached as high as $1345.60 overnight for a more than $100 gain for the yellow metal during the month of February. There are plenty of signs that gold may soon need a rest, ranging from a sharp turn in sentiment to major resistance in the $1340-$1360 area:

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Gold_Daily_2.26.2014

A pullback to the $1300-$1320 area would be reasonable and help to reset the market for the next push higher; eventually targeting major resistance near $1400-$1425.