Market still ranging. The Ma5 cross above 84 confirms a movement to 1768 as next stop and then a challenge to 1777. 1746 is also still open from last weeks analysis with further confirmation with ma5 crossing below ma200 creating a gold turn. Both targets open. We will be using both targets for entries and tight stops, as the range is confirmed.
Market ranging in a tight range. 1768 acting as an immediate level of resistance and 1746 as support. Both are likely to be challenged. A break below 1746 will open targets towards 1726 and a break above 1768 will open targets towards 1800. We are taking buys and sells in this tight range with short term targets and tight stops.