Gold moved lower, following the break below the main ascending support for the latest bullish wave, and the 50-days SMA, approaching 1268.00-horziontal support level. The bearish scenario continues to be favored so long as below 1300.00. A break below 1261.00 may deepen the losses further.
Support: 1275.00, 1268.00, 1260.00, 1250.00, 1243.00
Resistance: 1285.00, 1300.00, 1308.00, 1320.00, 1330.00
Recommendation Short below 1288.00, targets at 1275.00, 1268.00 ,1260.00 Invalidation above 1300.00