Currently 1278.27 after 1275.50 lows we’ve been highlighting the good support between 1275 and 1270 most recently here, here and here
Rallies have been limited in that time to around 1283 with offers from 1285 into 1300 providing a good cap to any rally attempt.The break out destination to the downside clearly sits around 1240.
So as the market digests the week-end’s rhetoric and price action we’ll keep an eye on the shiny stuff for further clues.
Gold Daily 25 Aug
