Gold: Trading in a tight range 1285-1273$.

Recent price pattern shifted to the higher low and higher high (H4). An upside break opens to 1295 and 1298/1300. We spotted a symmetrical triangle on the H4 chart, yesterday rejected at the sloping trendline. A weekly close above the trendline needed to upgrade the near term counter rally to 1292, 1298/1300 and 1308.

Supports moved to 1273, 1267 and 63/1260. A close below 1260 needed to retrace further to 1251 and 1246 and 1230.