This week will consist of two parts. The first half of the week is not expected to be very exciting, but more of a sideways trading and slow price action. However, in the second half of the week we should see some big moves and lower values on GOLD.
The first support level to watch out for is still 1735 and we probably won't see a breakout in the next 48 hours.
That's why right now we're looking at more of a short term trades.
Make sure to check out our analysis tomorrow and on Wednesday when we will share our longer term view on GOLD.