Gold Price Looks Set for a Dip towards $1250 | DailyFX: "On the downside, support may be noted at $1283, which is the trendline resistance-turned-support of the old rising wedge formation. A break and close below $1283 may expose the $1268-$1270 zone, which is the 50% fib level, and then the lower channel of the upward slope, as demonstrated in the chart above. So keeping in view abovementioned price action signals, I see this sort of price movement in gold price during the next 5-10 days."
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