Gold still maintains its high price range as Middle East tensions are still supporting and helping keep Gold in the high price range around 1.97x - 8x throughout yesterday's trading session. The market traded sideways at a large margin of 10 - 12 prices as news of hostage release negotiations and concerns of higher escalation intertwine.
If at the beginning of Europe, Gold is still hovering around 1,975 - 77, you can buy earlier with the target of 1,980 - 82 and 1,985 - 87 or a little more if strong enough. Only when Gold falls to the 1,972 - 70 range and hovers around this area in Europe will we no longer consider Buying but will probably watch to Sell sooner with the target of 1962 - 1964. Then we will watch to Buy again.
If at the beginning of Europe, Gold is still hovering around 1,975 - 77, you can buy earlier with the target of 1,980 - 82 and 1,985 - 87 or a little more if strong enough. Only when Gold falls to the 1,972 - 70 range and hovers around this area in Europe will we no longer consider Buying but will probably watch to Sell sooner with the target of 1962 - 1964. Then we will watch to Buy again.