Gold is consolidating above 1300.00 broken resistance level, within a minor pennant continuation pattern, which suggests a breakout and continuation of the bullish wave, where price should confirm the move through breaking the resistance of the pattern. The bullish scenario remains favored for today as well, and so long as 1300.00 is support.
Support: 1322.00, 1310.00, 1300.00, 1294.00, 1285.00
Resistance: 1338.00, 1350.00, 1360.00, 1365.00, 1375.00
Recommendation Long gold above 1313.00 targets at 1338.00,1365.00, and 1390.00. Invalidation below 1300.00