GOLD is meeting with the resistance zone which could become a support zone once it surpassed it. So based on that, we are going to with 2 plans to buy and 1 plan to sell with different confirming signals. Will trade with the one coming firs.
@FUNTRADER-Vera, Good analysis as always!!I agree with you that Gold is around support/resistance zone ($1750'ish).. I agree with you that gold has two trading bands $1700'ish to $1750'ish and $1750'ish to $1800'ish.. I fell that gold doesn't seems to have the steam to push up the price!! I believe it will correct to $1700 range before it bounces back!! Let's wait and see what happens!!