Eoin Treacy's view In Australian Dollars gold continues to range in the region of A$1200 and a sustained move above A$1300 would indicate a return to demand dominance. All of the shares mentioned in this report can be found in the Chart Library.

Oceangold has one of the better chart patterns of the shares mentioned in this report. It remains in the most recent range and would need a sustained move below $1.40 to question the consistency of the overall uptrend.

Medusa Mining has lost its uptrend consistency and hit a medium-term high near AU$4.40 in November. It has since reverted to the mean, defined by the 200-day moving average but needs to sustain a move above AU$3.50 to break the short-term progression of lower highs and suggest demand is regaining the upper hand.

Kingsgate Consolidated encountered resistance near the psychological AU$10 in December and has since posted a lower high. It remains within this somewhat lengthier range and has almost completed a reversion to the mean. However, it needs to sustain a move to new highs to offset potential for a further test of underlying trading.

Newcrest retested the 2008 high in December but has since pulled back into the previous range and needs to find support in the region of AU$30 to offset scope for a downward break.

Lihir Gold also failed to sustain the recent upside break and has now returned to test the lower side of the range. An upward dynamic is needed to indicate a significant return of demand.

Dominion Mining remains in a consistent medium-term downtrend and a sustained move above A$4 is required to question scope for further lower to lateral ranging.

Santa Barbara remains in its 19-month base and is currently testing the lower side. An upward dynamic is needed to confirm historic support in the region of AU$2.