Gold is in Range : Sell is still favourable
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Gold price is consolidating within the 2,620-2,650 range for the last five trading days, we have seen multiple attempts by gold on 2650 Level but failed to sustain above this level. Today also gold trading in a narrow range of 2634-2644,remaining near yesterday's closing price, On the hourly chart we can see that price is forming a tringle structure and breakout from this structure in any side can generate good move, as we are in correction so Probably, the main scenario is a continuation of the downward movement to 2620 and if breakdown from there then we can see price under 2600 soon.
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Going good
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