Gold broke 1360/57 hitting Fibonacci and 6 week trend line support at 1350/49 to exit shorts and try longs. This trade worked perfectly as we bottomed exactly here and shot higher to 1362. Today we have to beat 1359/61 to stage a recovery to 1364 and possibly 1367/68. If we reach as far as 1370/72, exit longs and try shorts expecting a high for the day.
Failure to beat 1359/61 keeps the market under pressure for 135/54 then a retest of 1350/49. A good chance of a low for the day again but if we continue lower there is better Fibonacci support at 1343/42 to try longs with stops below 1339.