Gold has moved slightly to the upside after reaching the target at 1171.00 where 13% Fibonacci exists. The current movements are seen as a correction, as they are limited below 23.6% level and below moving averages.
From here, the bearishness remains valid, but we need a breakout below 1171.00, as RSI attempts to overlap positively.
Anyway, the key for the bearish scenario resides at 1189.00.
Support: 1171.00-1165.00-1155.00
Resistance: 1179.00-1189.25-1195
Recommendation: Sell is preferred with targets at 1171.00 followed by 1165.00 and stop loss above 1189.00.