Gold Trading Recommendation (01/05/2014)

The metal is still fluctuating heavily between 50% correction at 1285.10 from the downside and the psychological resistance 1300.00 from the upside. MACD began trading sideways, as RSI is trading below line 50, but the price is stabilizing between the contradicted Linear Regression Indicator 34 and 55.

Support:     1285.00, 1280.00, 1277.90, 1272.00, 1266.55
Resistance: 1296.25, 1300.00, 1305.00, 1309.35, 1315.00