Gold is trading inside a triangle pattern while now it is testing the lower boundary. If support fails to hold, then we should expect the price to test the important short-term $1,260 support. If this support fails, my target is $1,237 and the next one, below $1,200. Bulls need to retake $1,290 in order to have a chance at $1,325-50.
Green line - support
Yellow area - reversal tops
Gold is exiting the Kumo on the 4-hour chart after being rejected at the black trend line resistance. The oscillator has already topped and given bearish divergence signs. I expect to see more selling in Gold and a push towards at least $1,237.
