The yellow metal continues to move in range on the Daily chart, only a valid breakout will bring us a clear direction. Is trapped within the 23.6% and the 50% retracement level, you can see that we had a false breakout above the 23.6% and above the $1295 per ounce on Friday, signaling an exhaustion.
Now is retesting the long term 38.2% retracement level, will increase further if the support will hold, while a breakdown will signal a drop at least till the WL1.
