Technical analysis:
Gold is still in the strong sideways regime and I expect this regime to be active until the FOMC meeting minutes next week.
Trading recommendation:
Due to strong sideways condition in last few days and low volume on the market, I see potential for the breakout in next period.
Upside breakout of resistance at the price of $1,877 can lead us towards $1,900
Downside breakout of support at $1,841 can lead us towards $1,823
Watch for the breakout to confirm further direction....
