Gold Technical Analysis: Whipsawing below key $1308/oz

• Gold is in a tight trading range between the 1290.00 and the 1,308.00 levels, making the yellow metal rather neutral on lower time-frames. 
• As long as gold stays below the key $1308.00 a troy ounce resistance zone, it keeps a slight downward bias on higher time-frames.
• Gold is trading below the 200-period simple moving average on the daily time-frame.

Gold 15-minute chart

Spot rate:                   1,301.94
Relative change:       0.27%     
High:                           1,304.40
Low:                            1,298.90

Trend:                          Neutral

Support 1:                  1,290.00 previous congestion zone
Support 2:                  1,281.70 May 21 low  
Support 3:                  1,260.10 October 6, 2017 low

Resistance 1:            1,307.77 May 25 high
Resistance 2:            1,320.00-1,325.91area, handle and May 11 high
Resistance 3:            1,340 handle