Gold remained limited yesterday above the minor support 1190.00, and we notice today that the price is stable around the psychological barrier 1200.00. In fact, stabilizing above the barrier is positive and could extend the upside move today. But the metal should breach 1213.05 later and stabilize above it to confirm extending the upside move towards 1238.25.
From the downside, breaking 1181.85 fails the bullish possibilities, but we prefer stability above 1190.00 today to strengthen the bullish possibility.