Technical Analysis for Gold

On Tuesday Gold broke $1324 support level, now turned to resistance. It is currently heading towards the $1315 Support hurdle which has been tested over 5 times in 2018. If this support level is breached , gold could be aiming for $1300 psychological barrier. However, it is our opinion that Gold could possibly continue to move in a sideways manner above $1300, as this has been the trend in the past 2 months. For our opinion to change, we would require the precious metal to have a clear break below the 1300 support line.