Gold dipped below the previous low $1277 trading at $1221 on Asia's trading session. Yesterday in the last hour of trading session gold formed a small support at $1217.4 on the hourly chart. I recommend go long with sl 1217 for the targets 1224 1227. Above 1224.5 could pull back little bit more towards 1225 1227.
On the downside below 1217 the next support is at 1214 1210 1208 1200.
Below $1200 is the uneconomical factor for gold.
