has been ranging since the beginning of this month . The range started from 1278 and bottom of that range was around 1251 (little lower with wicks). After making a base around 125x area , gold
has been in consolidating phases. This first phase of consolidation/range was 125x-1264 and then the second one been from 1264-1278. Finally i am expecting it to break this consolidation and move higher. we had seen a glimpse of this move on friday.
Watching this level very closely to get early on this move. Will be interested to buy this above 1278 for the target of 129x with stop loss around 1274-71
Upside : 1278-1292-1305
Downside : 1278-1264-1251
Note: This is not a trade advise. Please do your due diligence before placing the trade.