Last week gold broke out of the triangle shown and made new highs as projected last week.
This week expect higher highs and higher lows, but in a narrowing trading range due to subwave formation to make d3 ideally around the 10th being the first test of 1300, which will confirm the December low as minimum pivot M-3. We should then get a bigger consolidation to the end of next week for d4, before the final high to make D3 towards the end of March or early April. Then April low to make D4, followed by D5 of W5 of M-4 before heading down to retest Decembers low.
This weeks expected trading range is 1256.83 to 1288.77
Cyclical Daily support is at 1256.83 and 1218.79, with resistance at 1288.77
Cyclical Weekly support starts at 81.01 and breakdown support at 1144.22, with resistance at 1300.38, with breakout resistance at 1334.56.
A cluster of pivotal support lies at 1191.08, 1182.70 and 1180.20, and resistance at 1307.59, followed by 1345.08 and then 1392.08.