Gold trades below SMA20 despite trying to inch higher in Asian session, but 1238.00 held, keeping the bearishness valid.
A break below 1219.00 will affirm the bearishness, and trading below SMA50 will affirm.
Only a break above 1260.00 will be bullish.
Support: 1227.00 – 1219.00 – 1205.00
Resistance: 1238.00 – 1250.00 – 1260.00
Direction: Bearish