We have an early celebration on the gold jump in the previous day. Unfortunately, the precious metal drifted lower before the close of the day and settled just at $1,230. It means no breakout and today the bull has trouble to break the resistance level.
Even though there is no breakout, the situation is largely bullish and we might see another spike above $1,230 before the end of the week. What to do at the current time? Stay long.
Gold Spot Support: $1,218, $1,207, $1,197
Gold Spot Resistance: $1,233, $1,240
