Gold – Again 1250 or escape from 1200-1300 band ???
I marked the points where PA touched 1250 level since 2013_
Level 1250 has worked as a strange pivot point within 1200-1300 consolidation band. See how many times we saw 1250 during last four years.
Following FOMC meeting of last week, downward price action_ is favored. A critical event required to push the price back above 1300.
Otherwise as far as the price stays within 1200-1300 band, 1250 seems inevitable.
Level 1250 has worked as a strange pivot point within 1200-1300 consolidation band. See how many times we saw 1250 during last four years.
Following FOMC meeting of last week, downward price action_ is favored. A critical event required to push the price back above 1300.
Otherwise as far as the price stays within 1200-1300 band, 1250 seems inevitable.