Gold bounced higher yesterday, however remains below the minor descending resistance for the latest bearish wave, in addition to 1300.00-1308.00 resistance area. the bounce comes after breaking and settling below the ascending support for the overall bullish correction, and therefore the bearish bias remains favored so long as below 1308.00.
Support: 1285.00, 1275.00, 1268.00, 1260.00, 1250.00
Resistance: 1300.00, 1308.00, 1320.00, 1330.00, 1338.00
Recommendation Short below 1300.00, targets at 1288.00, 1275.00, 1268.00. Invalidation above 1308.00