Gold has been in a 60 dollar range for 3 months, 1300 is a tough level of support as it has been tested 3 times.
What happens now, it could still continue in this range for some time, however its time to be cautious, many will be asking why ?
should it retest 1300 and break lower below 1285 then 1265-1250 are probable price targets.
if it does not break below 1300-1285 then gold is going to retest 1350s-1370s or even break out higher.
1300-1285 is clear cut decision point for a reversal or continuation zone.
What happens now, it could still continue in this range for some time, however its time to be cautious, many will be asking why ?
should it retest 1300 and break lower below 1285 then 1265-1250 are probable price targets.
if it does not break below 1300-1285 then gold is going to retest 1350s-1370s or even break out higher.
1300-1285 is clear cut decision point for a reversal or continuation zone.
