Gold has broken the minor descending resistance to settle back above 1235.00 level, and that favors further upside over intraday basis. However, a break above 1269.00 key resistance area is needed to suggest a more prolonged bullish correction. 1232.00 is the key pivot for today, as holding back below it may re-establish the bearish momentum.

Support: 1236.00, 1228.00, 1220.00, 1208.00, 1200.00
Resistance: 1260.00, 1270.00, 1290.00, 1300.00, 1308.00
Recommendation Based on analysis and explanations above, we prefer to long gold above 1237.00 targeting 1250.00 and 1269.00. Stop loss below 1229.00

Support: 1236.00, 1228.00, 1220.00, 1208.00, 1200.00
Resistance: 1260.00, 1270.00, 1290.00, 1300.00, 1308.00
Recommendation Based on analysis and explanations above, we prefer to long gold above 1237.00 targeting 1250.00 and 1269.00. Stop loss below 1229.00
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