Gold had a week of consolidation as it failed to break previous low and rebounded off quite strongly, closing higher than its previous day high.
The price is expected to climb further and test the top of the current range of 1287 and 1267.
The major trend will still be unclear until the price has chosen to break out either side of the range.
If the price falls a little but maintains above 1273 for the first 2 trading days, there's a good opportunity to buy from the low to the top of the range.
If the price climbs and reaches 1286 - 1294 for the first 2 days and provided the candles get smaller after one another, that will be a good chance to sell again.
The price is expected to climb further and test the top of the current range of 1287 and 1267.
The major trend will still be unclear until the price has chosen to break out either side of the range.
If the price falls a little but maintains above 1273 for the first 2 trading days, there's a good opportunity to buy from the low to the top of the range.
If the price climbs and reaches 1286 - 1294 for the first 2 days and provided the candles get smaller after one another, that will be a good chance to sell again.
