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Gold could go back down - page 12

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Good bullish breakout on Gold after weeks of consolidation. Next resistance to break could be the 1300 level.
Gold will likely return to 1260, especially if it breaks below 1280.
Gold is testing the support at  1265 again, I think if it breaks below that level it will reach the next support at 1250.
dianajs:
Gold is testing the support at  1265 again, I think if it breaks below that level it will reach the next support at 1250.
Gold in heavy ranging - all the usual :)
whisperer:
Gold in heavy ranging - all the usual :)
Range has to end sooner or later, question is what direction Gold is going to take afterwards.
dianajs:
Range has to end sooner or later, question is what direction Gold is going to take afterwards.
Nowhere. Range is here to stay for quite some time
nbtrading:
Nowhere. Range is here to stay for quite some time
I agree. Last time range lasted for weeks, there's no reason the believe it'll be any different now.
Bearish on this.
Gold is rising again and it may have broken above 1280. If the breakout is confirmed its next target is probably around 1300 again.
Waiting to see what happens tomorrow at the FOMC Meeting.
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