Gold price continues to trade around $1,200. Price has been trading between $1,211 and $1,190 for nearly a month now. Trend is neutral in the short-term although price remains inside the bearish channel.
Green lines - bearish channel
Red lines - trading range
Short-term resistance area is at $1,205-$1,211. A break above this level will push prices towards $1,220 at least. Support is at $1,190. A break below this level will most probably push Gold to new lows.
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