This was my first view, but I am unexperienced trader and accepted the view of traders more experienced than me. I am subscribed for precious metals forecast website and they say that it will go down to 1240.
I HAVE POSTED OTHER CHART WITH GOLD LEVELS WHERE YOU CAN SEE CLEARLY HOW IMPORTANT IT IS THE LEVELS BETWEEN 1260 TO 1300. ALL I CAN SAY IS A CLOSE ABOVE 1300 MAY BE WARNING SIGN THAT THERE IS MORE UPSIDE. TILL THEN IT IS MAY BE A RANGE
@smartstep78, I know that a political event (tax plan cut mess) caused this surge of gold. Every important political event usually opens a gap in the trend, after which the price fills. The price should return to 1280 later and hopefully will break 1262 level.