Gold choppy amid lack of direction
Gold looks a difficult market today, with price seeing major volatility in either direction yesterday. However, for now we are seeing a symmetrical triangle in play, which could give us some direction.
Bear in mind that the lack of trend coming into this pattern means the breakout is somewhat less reliable.
A close below $1069 would point towards a bearish outlook, with $1066 the next support level, while a closed hourly candle above $1077 would point towards a bullish session, with $1081, $1085 and $1089 the next resistance levels.