Comex Gold - Playing in the Range 1240-1300

It could be a range bound game for Gold between 1240-1300 zone next. Buying at the bottom of the range & selling at top of the range could be the strategy to be used in weeks till the time it gives convincing break above 1300$ for a new range.
Going beyond 1300$ in convincing manner can take it to 1415-1420 $ where gold travels 161.8% of its minute wave i(circled)-a standard distance to be travelled next.

Post a corrective sequence since 1377$ to 1124$- Gold has started its impulsive sequence.

Trading Strategy
Scenario
Searching for support in 1240-1245 Zone is what I am having on the cards. We want to see Gold holding that zone for target range of 40-50$ in the range 1290-1300$ & Beyond 1300$ for a new range.

Dagangan aktif:

08:45 Hrs 4th May2017

Last Price@1240$

Recent Low@1236$

Kissed the zone of 1240-1245$ from 1257$ while updating on 2nd May2017.
We shall wait for a bounce to see -what market want's to do next.