Fellas, it’s been five days and the yellow metal is still respecting the trading range as we mentioned in our update Gold Stuck in the Same Range for the Fourth Day – Another Cool Setup. Gold’s trading range is $1,294 – $1,287 and its prices are holding right below these levels.

Lately, the precious metal struggled to breach the $1,300 level, even though physical demand for gold coins soared in Britain over Brexit uncertainties.

Lack of fundamentals is keeping it in a narrow range of $1,294 – $1,287. On the upper side, the violation of $1,294 is likely to lead gold prices towards $1,300. Whereas, gold can stay bearish below $1,287.

GOLD – XAU/USD – Trade Plan
The idea is to trade the choppy sessions. Selling below $1,295 and buying at dip around $1,286 seems to be an idea today.