The gold is changing in a short term trading range between 1372 and 1394. A rupture of the upper limit of this one would free a significant potential and begin an upward trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1394 with a 1st objective of 1410, then 1418. A breakthrough of 1392 would invalidate this scenario.
