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GOLD 1300-1260 SUPPORT ZONE

Gold Spot / U.S. Dollar (FX:XAUUSD)  
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FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
From 1357 gold has retraced into the 1300-1260 zone 1268 being the low yesterday.
Consolidation of nearly 90 point from the high 1357, support 1250-1260. expect consolidation between 1357-1260
Resistance zones = 1290-1300/ 1310-1325/1335-1350.
Break above 1357= 1375-1425.
Break below 1250 = 1235-1225
Crucial support 1225-1200,
Break below 1200= 1175-1122 not applicable for now.

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