Technical analysis:
Gold has been trading sideways at the price of $1,863 but there is potential for the breakout in next days.
Trading recommendation:
Watch for the breakout to confirm further direction.
The upside breakout of the resistance at $1,877 can lead Gold towards $1,900
The downside breakout of the support at the price of $1,848 can lead Gold towards the level of $1,835.
Possible scenario is that Gold can be locked in trading range until the FOMC meeting minutes next week.
