As seen, GOLD is trapped in a range bound trading and is currently en route to the crucial resistance level of 1370. However the real question lies whether the GOLD momentum can continue towards this crucial resistance amid a possible and likely RISK ON appetite in the financial markets?
Today FED chairman Powell speaks which could cause intense volatility in FX...
Current price action is hinting towards the upside for Gold. If price forms a corrective pattern or an aggressive move upward we can assume a bullish move for this pair.