Gold declines, touching SMA20 at 1240.00, which is a decisive level for today’s trading.
RSI attempts to breach 50.00 levels and stability below this level along with moving below 1260.00 would bring additional downside actions, targeting 1219.00-1220.00 at 50% Fibonacci.
Trading below 1255.00 is better for intraday bears.
Support: 1240.00 – 1235.00 – 1219.00
Resistance: 1250.00 – 1255.00 – 1260.00
Direction: Bullish