Gold Range Bound

Gold is trading relatively unchanged for a few trading sessions now. Price is gravitating around $1,090 level with slight movement to both sides reaching $1,085 and $1,095. Currently the main trend is on hold as price has entered this range and market participants are waiting for the precious metal to pick a direction. 

It would be best to stay away from the Gold market until one of those $1,085 and $1,095 is broken and price closes outside this frame. 

Longer-term trend suggests that Gold will try to breach $1,120 to the upside or $1,075 to the downside. With market sentiment currently neutral, staying out is the best strategy at this time of uncertainty. 

Chart: XAU/USD H1