GOLD

Gold is now approaching some resistance levels and is worth watching for a potential place to short.  The first zone this market may see some selling is 1244.00-1264.00.  There is a nice cluster of fib extensions from patterns seen on weekly charts, daily charts, and intraday charts all in this zone.  Weekly R2 is also in this area @ 1152.33.  There are no sell signals showing on either the RSI or MACD yet.  RSI is in overbought territory, but giving no signal.  MACD shows momentum still rising to the upside.  It will be interesting to see what happens as Gold approaches this zone.