For the last couple of month the gold is trading in a range between 1450 and 1560 a break of this range will give us the next trend for the gold , although this year was pretty good for the Gold
so you only have 2 level to watch 1450 and 1560 a monthly close above 1560 will lead to new high and a Bullish trend possibly toward 1700 then 1900 , on the other hand a close below 1450 will lead to 1320 then 1200 but for me i prefer the Bullish scenario and I will start buying gold after we close above 1521 then 1560
so you only have 2 level to watch 1450 and 1560 a monthly close above 1560 will lead to new high and a Bullish trend possibly toward 1700 then 1900 , on the other hand a close below 1450 will lead to 1320 then 1200 but for me i prefer the Bullish scenario and I will start buying gold after we close above 1521 then 1560
