Description
⋅ No position.
The daily chart shows a bullish break from the downtrend that began in early June at ~$1,300/oz.
Gold has strong support at ~$1,200/oz on the weekly chart - a level it has visited 3 times since breaking it as resistance in late January.
Look for a break of the channel between ~$1,200/oz and ~$1,300/oz for confirmation of a new trend.