Thanks gniksivart, I totally agree, this has been an interesting price for gold for a while now. The weekly chart looks like a reversal formation could be forming but I would need to ask the analysts about that really!

This week will be another observe and learn kind of situation until there is some more clarity.

I hear talks of $1400 quite a lot from the headlines "but we could also see $1200" and from that all I get is a long term price range really. Trend is our friend and catching the trend at the perfect point is the hardest part of trading these products.

Majority of fundamentals and analysts reports point toward the upside; catching a dip around $1290 following a break might be a low risk option