Up or Down for GOLD?

Over the last 12 days or there about which would be considered to be 2 weeks considering the fact that the Gold market doesn't open weekends. following the bullish movement of this commodity, we can estbalish that a break to the upside will be more plausible looking at the higher time frames.

I'd say you should buy at the base of that consolidation but it is not a spot of value or importance and we could say that it is therefore would be termed as hope trading if that happened.

So my advice would be to stay away from Gold for a while or if there were levels of importance on the higher time which i might be revealing later that made range trading possible then i would update you guys, till then safe trading and majorly look for buy opportunutes any where on the much lower time frames.

A short term range is definitely possible, be on the look out!