GOLD is moving sideways since March and this range can continue until we’ll have a breakout, most likely the price will grow and will take out the resistance zone between 1223,26 and 1224,26. The price wasn’t able to reach the major support (1180.15 – 1182.32) this week, now the price is trading somewhere around the middle of range. If the price will have the power to close above 1209 then it is certain that will reach the resistance (1223,26 – 1224,26) in next week.
The Gold can take advantage due to the weaker dollar on short term, is possible to have a correction US dollar.


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