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As long as that level holds firm, the near term technical bias will be neutral to bullish.
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Absent an aggressive forward leaning bias, short-term wins will represent little more than pyrrhic victories as the innovators, the what if thinkers, pass you by.
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That must hold to keep the near term technical bias up.
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More than three years later, she is still looking and attributes the holdup in part to what she calls a widespread bias against long-term unemployed workers.
WSJ: Measures Aim to End Bias Against Long-Term Jobless
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That latter level must hold near term to keep the short-term bullish technical bias intact.
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Over the last several weeks, investors have seen a market that has been characterized by choppy gains and losses, and a downside bias in the short-term.
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While gold may be steady with a firmer bias next week, other precious metals will likely be anchored in the short term.
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