Gold showed signs of strength yesterday but not enough to break above short-term resistance at $1,260. Price is moving mostly sideways around the critical support of $1,250. A new low below $1,250 will most probably bring more sellers and push Gold price towards $1,220-30.
Gold price is moving sideways. Upper trading range boundary is at $1,262 and the lower boundary at $1,250. A break of either level will push price towards $1,280-90 or $1,220-30 respectively.
