Gold inclined, approaching the key resistance of a continuation pattern, which may cause additional upside actions as far as 1219.00 hold.
ADX shows decrease in bulls’ power, while RSI moves sideways near 70.00 levels.
We will be waiting for a better risk versus reward ratio to suggest new positions although we are bullish, softly targeting 1260.00.
Support: 1236.00 – 1225.00 – 1219.00
Resistance: 1242.00 – 1247.00 – 1255.00
Direction: Bullish
