Gold forecast for the week of August 28, 2017, Technical Analysis

Gold markets initially fell during the week but found enough support near the $1275 level to turn things around and reach towards the $1300 level. However, we have not been able to break above there yet, and I believe that continues to offer a significant amount of resistance. If we were to break below the $1275 level, the market should then go down to the $1250 level. If we can break above the $1300 level, and then I think we probably go looking towards the $1340 level after that. Either way, I think this is can be driven by the US dollar.

Gold Technical Analysis Video 28.8.17