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Wednesday, the key levels to watch for gold during the Asian and European trading sessions are 5186.
As long as it stays above 5186, the trend is upward, with target levels at 5233/5256/5278. As long as it does not fall below 5186, pullbacks are buying opportunities.
Breaking below 5186 is a sell signal.
If it breaks below 5186, pay attention to the key support levels at 5177/5157/5138.
Stabilizing at these support levels is a buy signal.
Breaking below 5138 is likely to lead to further decline. $XAU $XAG