#GC #GOLD #Gold #Instrument_Overview #Profit

Gold continues to feed, just worked the support zone perfectly after a test of 2360$ bounced 3%. Closed with a nasty pin bar on the hourly, supports to watch are 2400 and 2350, medium term support is still 2280 which is the lower boundary of the sideways. Technically, the instrument has approached the upper boundary and now there is a small potential for upward movement. I expect that the instrument can still go up a few percent by making a false breakdown and taking the target of 2450, and then we can expect a return to the sideways. An alternative scenario is a breakdown and consolidation above 2450 and an acceleration on shorts to the zone of 2500-2600. So far I fixed and wait.

Stay tuned.