In the big picture gold weekly closed in the limits of big triangle. Next week, due to expecting high volatility it is acceptable to hit price around 1370-1377. Next weekly closing price must be under 1350.
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Weekly closing price must be below 1300s.
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price may need a break and take rest at fibo 61.8 level 1260s. highest wave of price is to be 1297.
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price action was enough hungry to close weekly price over 1300 but its still below 1304. price may rest back to 1293-1282 and after run to hit 1304 aim to 1320 or move up to 1320 directly after opening.
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we are on way to 1212-1204 range. technically in the end of Feb- begining of March it is time. so an event is expected to effect the price action to north. whatch out for events, speechs etc. pasific is blowing. middle-east no need to say something. govts are in rush to be ready for something. lets see.