Gold inclines, hovering around 61.8% Fibonacci at 1260.00, and this is a decisive level for the next move.
Trading above this level is required to prove the bullishness as the metal needs a break above 1281.00 with a 4-hour closing too.
Any breaks below 1245.00 will be bearish, but for now, we are definitely bullish.
Support: 1260.00 – 1250.00 – 1245.00
Resistance: 1270.00 – 1281.00 – 1293.00
Direction: Bullish