Gold failure to beat first resistance at 1157/58 re-targets 1154 then 1151. Be ready to sell a break below here today if not already short to target last week's low at 1148/47, perhaps as far as support at March lows at 1143. Just be aware that a break below here targets 1137 then the low for the 4 year gold bear market at 1132.
A break above first resistance at 1157/58 allows a test of strong resistance at 1162/63. Sell here, stop 1167. Target1 @1157 (trail stop to entry), Trgt2 @1154. Next resistance at 1170/71 could hold a move higher. Sell here, stop 1175. Target1 @1164 (trail stop to entry), Trgt2 @1161. Just be aware that a break higher then targets 1183/84.