Gold starts to fall down from the top price level 1292

Gold (XAU/USD) Analysis : 

Gold is moving up and down between the ranges 1205 and 1292 for a long time.

Now, Gold has reached the top level 1292 for third time and starts to fall down.

Due to the sellers Pressure in 1292 price level, market fails to breakout the top level.

However, we can expect the gold to breakout from the range.

Once breakout happens, then Gold will start to move more in one direction.

That gives a good opportunity for trading on gold for long term.

Let’s wait for the confirmation of breakout from the range to make good profits on Gold.

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Forexgdp Team.

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