We are currently waiting for any signs that the bears are becoming fatigued in the gold market, says Mark Sturdy at www.sevendaysahead.com
Having dipped to the Fibonacci projection target at $1,220, there is a risk that already-oversold gold could head lower still, with a big target at $1,082 and $1,014.60. Any rallies could run into trouble in the $1,323-$1,355 area.
