Technical outlook and chart setups:
1. Gold is holding the $1,300.00 levels well for now. The metal has returned from the fibonacci 0.618 levels from $1,325.00 but possibility still remains that $1,334.00 level is tested before correction.
2. Support is seen at $1,290.00/80.00 levels, followed by $1,260.00, $1,240.00, $1,230.00 and lower while resistance is seen at $1,334.00/40.00, followed by $1,350.00/60.00, $1,388.00 and higher respectively.
3. The structure indicates that Gold is may still test $1,334.00 levels before a meaningful correction could occur.
Trading recommendations:
Remain flat for now.
Good luck!
