Gold is looking Neutral
Spot gold looks neutral in a range of $1,870-$1,890 Only the break of these levels could suggest further direction. A break below $1,870 could open the way towards $1,852.
While a break above $1,893 could lead into $1,902-$1,917 range.
Current consolidation is taking the shape of Triangle with Bullish Bias. As long Gold hovers above 1974, it is likely to rise towards $1,921.
A fall below 1862 could signal the break above $1,875 was indeed false. A bearish target of $1,830 will be established accordingly.
While a break above $1,893 could lead into $1,902-$1,917 range.
Current consolidation is taking the shape of Triangle with Bullish Bias. As long Gold hovers above 1974, it is likely to rise towards $1,921.
A fall below 1862 could signal the break above $1,875 was indeed false. A bearish target of $1,830 will be established accordingly.
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