Gold declined, trading in the 50% Fibonacci areas at 1219.00-1220.00, which may send it lower towards 1203.00 -1200.00 zones.
RSI is negative and ADX as well, but a break below 1200.00 will define whether the metal will resume the bearishness or not.
On the upside, 1240.00 should hold to protect bears.
Support: 1210.00 – 1203.00 – 1200.00
Resistance: 1220.00 – 1235.00 – 1242.00
Direction: Bearish