Gold in a range for 4 days now holding support at 1305/02 for the 4th day and a potential 10 point profit as we bounced to 1315. Strong resistance at 1318/20 to try shorts today with stops above 1325. Go with a break higher however for a test of trend line resistance at 1330/31.
Immediate support at 1311/10 but below here targets support at 1305/02 for the 5th day. This support could work again today but our longs need stops below 1300. A break lower then offers another buying opportunity at 1296/95, with stops below 1291.