Since last two years Gold is currently trading in a very broader range 200 point range (1150-1350 on weekly timeframe). Trading sentiment for this week turned to positive which indicates bullish medium term bias. On the Daily Scale Gold is trading in a very tight range between 1265-1285 range and sentiment turned positive on the daily scale as well.
Gold holding above 1265 on daily basis is the key for the current trading sentiment to continue in both short term and medium term. Short term resistance
around 1300-1310 levels. Breaking the resistance level could test fresh 52 week high.
Gold Daily Sentiment