Gold was neutral on Wednesday. Buyers failed to build a recovery in the night. The spot got under selling pressure in the European session. The yellow metal declined and returned to 1260. The resistance is at 1270, the support comes in at 1260 dollars per ounce.
After a close below the support at 1260 we could see XAUUSD extend its declines down to 1250 dollars per ounce.
Brent traded mixed on Wednesday. The benchmark was moving back and forth between 52.00 and 51.50. The resistance is at 52.50, the support comes in at 51.50 dollars per barrel.
We prefer to stay out of trading until we get a clear signal.
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