Sideways into the Weekend

2017年4月27日

Expect sideways movement heading into the weekend unless some major event occurs. Looking like 1260 is good support based on upward trend bottom channel and the tops of March 27th and April 4th. If gold breaks to the upside, the next resistance could be around 1278. If that breaks then we can expect to fill the gap from the 24th and continue the upward move. Resistance beyond that is the 1290 historical area and 1300 as a psychological resistance area.