Gold – watch out for a break above $1287
Daily Chart
Resistance - $1287, $1300-1303, $1310
Support - $1280, $1270, $1263
Resistance - $1287, $1300-1303, $1310
Support - $1280, $1270, $1263
- Gold dipped to $1278 levels before recovering above flag resistance level of 1280 levels.
- With daily RSI sitting well above 50.00 and prices comfortably above key support level of $1263, we may see a break above $1287 (daily high).
- In such a case, prices may head higher to $1295-1300 area.
- On the downside, $1263 stands as a major support.
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