Gold price after black Friday

Gold made a correction to test the 1286-1288 zone during Black Friday even thought the USD as sold off. Gold is currently going up or down as a risk on or off following USDJPY.

Gold has tested the 1286-1288 and it is expected to move up to test the 1296-1298 zone again. A break-out of the 1296-1298 gold will move to 1305-1307, however a false break-out of 1296-1298 gold will be sold off to 1286-1288 or 1278-1280.

Gold short term trend is up and the test of 1296-1298 is high possibility after black Firday

 

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