Gold must remain above 1300.00

Market have been trapped within a tight range following the touch of falling trend line that connects the movements from 1348.00. Hence, risk versus reward ratio remains too high at present levels. Of note, breaching through the 1300.00 psychological support will bring the bearishness back into focus. At the time of writing, gold prices are trading at USD $1314.41 per oz. Friday.

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