Gold failed once again to hold above 1238.25 at 50% correction, which is the interval for the possibility of extending the upside move, and failing to stabilize above it reduces positivity. Despite that, Linear Regression Indicators are still positive and Linear Regression Indicator 34 breached 38.2% correction and MACD signal lines are still positive, which is positive in general.
Therefore, we prefer to remain intraday neutral today waiting for better confirmation signals.