From this chart, I can see that Gold was trading in a symmetrical triangle. We are going to reach the end of the apex in a few days, and if this breaks above the Resistance Line, could be a beginning for Gold to continue track higher prices.
0.786 Fib was reject in the last session. As we can see, the price was trying to breach $1270 a couple times and when it failed the prices got sudden boost and went up to $1280 again.
I don't really sure, but if I wasn't wrong, the last is formed a Long-Legged which is also a sign for a bottom price if we got a nice confirmation today.
So, I decide to still neutral and wait for a good entry in the long side position.
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