The yellow metal has been trading in a tight range. The prices break below the symmetric triangle, height is at $46. Ahead of US core retail, retail sales, and consumer sentiment data, the metal looks weak. We recommend fresh selling below $1,157.00 with the targets at $1,154.00, $1,150.00, and $1,145.80. As we recommended earlier, we are still looking at the lower level targets $1,024.00, $927.00, and $850.00-$800.00 in the longer-term view. In the h4 chart, the price is trading below the hourly key moving averages. The metal made a double top between $1,177.60 and $1,178.40 levels. This week the metal opened on a bearish note, which is still going on. In case if the metal closes above $1,178.50, then only bulls have an upper hand in the coming days. Until then, selling on every rise will mint the money.
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