Gold is on Breakout?

10 May

Gold is on Breakout? May be Yes. But still a further bull confirmation is pending. Gold currently being traded around 2353 and day low is around 2356. Day level resistence and Fair Value Gap OR further Demand Zone what ever confirmation we may require is forming above 2360. Gold must close H4 above this level. In addition to this, there are so many fundamental data to be released soon, so I would rather wait for the data and look forward to enter long above 2380 it may check all time high if sustain above 2360-2380. Alternative Scenario says below 2340 gold is bearing again and can slip below 2300 to check new bottom!
Happy Trading!