Gold is consolidating and moving sideways.....safe traders should wait for confirmed break out on either side.....
Confirmed break out means Gold should trade 3 days below support or above resistance.....
Intraday traders should book profits quickly and maintain strict stoploss....we may see too much volatility before any major move....
Gold may hold 26550-26520 level....Upside range 26810-26866 maximum....
Gold will trade between these range today.....If break 26550 then next support 26480.....
My view today is buy on dips and sell the rally
Confirmed break out means Gold should trade 3 days below support or above resistance.....
Intraday traders should book profits quickly and maintain strict stoploss....we may see too much volatility before any major move....
Gold may hold 26550-26520 level....Upside range 26810-26866 maximum....
Gold will trade between these range today.....If break 26550 then next support 26480.....
My view today is buy on dips and sell the rally