Although Gold has halted its medium term weakness and triggered a recovery higher, a break and hold above the 1,677.95 level, its Oct 04'2011 high must occur to resume that recovery. Above this level will set the stage for a run at the 1,702.31 level, its Aug 25'2011 low. We expect this level to reverse roles and provide resistance thus turning the commodity back down. However, if taken out, further recovery strength should build up towards the 1,754.55 level, its Sept 23'2011 high. Alternatively, the risk to this analysis will be a return to the 1,532.90 level, its Sept 26'2011 low with a violation of there turning further downside pressure towards the 1.500.00 level, its psycho level and subsequently its July 01'2011 low at 1,478.05. All in all, Gold remains exposed to the downside medium term though seen consolidating above its recent high.