Gold price did not manage to break above $1,210 yesterday and has pulled back towards the short-term trend line support. Gold could see a new higher high towards $1,220 this week. If Gold however breaks back below $1,200, we could see it pull back towards $1,190-$1,180 area.
Green rectangle- major support
Short-term support is at $1,200 where are currently. Short-term resistance is at $1,208 and a break above it could push Gold towards $1,220. A break below $1,200 will push Gold towards the green rectangle support area.
