Gold XAUUSD

GC. Awaiting next peak or valley for trend confirmation.

Given the new price structure that materialized with the late February/early March selloff, it seems gold may be headed for the 1260 area.

Just keep in mind that it’s going to take a daily close below 1280 to expose that 1260 region.

Until then, expect buyers to defend 1280 on any retests this week.