GOLD
Almost a tweezers pair of candles over the last two days, around Fibonacci retracement resistance, and now the overbought situation has eased. Perhaps we are in the process of forming a new interim high following the corrective bounce since Christmas.
SHORT TERM TRADER: Tiny short at 1196; stop above 1230. Target 1130.
POSITION TAKER: Square.
| SUPPORT | RESISTANCE |
| 1200 | 1220 |
| 1187 | 1230 |
| 1173 | 1240 |
| 1160 | 1255 |
