The price has made a false break out, because there were no follow through to the downside (No followers) in this order of ideas, the price has returned to the Trend Channel, notwithstanding is important to keep an eye around the 1280-1284 (Resistance) becuse if this area is able to hold is most likely that we are facing a trading range but in the other hand, if the price is able to break above this area, the uptrend can be confirmed and the expectations of an up movement for the longer term can be consider once again.
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Now the price seems to be facing some supply after going to test the Middle of the Trende Channe,l at this point the market could go to visit the most immediate support around the 1225... lets see how it goes
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Now that the price has reached the immediate support here is an update of the trading view for gold
