Gold still in consolidation

FXStreet (Łódź) - According to Independent Analyst Vladimir Mihaylov, gold remains in consolidation mode on Wednesday, but seems found some good support at 1280.

Key quotes

"You may try small longs above 1280, and exit below that level."

"We need a Daily close above 1310 to restore the upside here."

"Any drop below 1280 will look for support around 1260-1254."