Technical analysis:
Gold has been trading sideways in last few days and I see inside day formation. Watch for the breakout to confirm further direction....
Trading recommendation:
Due to inside day formation on the daily, watch for the breakout of the pivot high or pivot low to confirm further direction.
Upisde breakout of the resistance at $1,810 can confirm upside movement towards $1,830, in that case watch for buying on the dips...
Downside breakout of support at $1,783 can confirm drop towards $1,760 and in that case watch for selling on the rallies after the breakdown...
