Gold continued growing on Friday, moreover, the upward move was really sharp and supported by large volume, so these facts are strong bullish signs. That’s we should consider opening exceptionally long positions for gold. Also we need to highlight the new support 1298.90 - 1302.10, where large volume is concentrated. We should enter the market after a resumption of the growth of the price from the support level.
Perfectly, if the price tests this level and then rebounds up strongly. A stop loss should be placed below the level 1298.90 with a little margin. The first target is 100 points, the second one 170 points.
The bottom line: long positions are in priority.