Gold price has been very resilient withstanding the downside pressure at 1331-32; should gold price fall through 1321, there really is no meaningful support until 200dayMA at 1305-04....!!
Gold is simply range bound between $1325-$1335. Until it breaks one way, there's no trade. I lean a break below $1325, but cannot rule a limited upside breakout towards $1350 that is reversed quickly.
Gold price has been very resilient withstanding the downside pressure at 1331-32; should gold price fall through 1321, there really is no meaningful support until 200dayMA at 1305-04....!!
ReplyDeleteGold is simply range bound between $1325-$1335. Until it breaks one way, there's no trade. I lean a break below $1325, but cannot rule a limited upside breakout towards $1350 that is reversed quickly.
ReplyDelete