Gold hovering just below quite strong resistance at 1264/65 which held perfectly last week. Yesterday we held minor support at 1251/52 perfectly but holding above 1255/56 today allows a test of strong resistance at 1264/65. Shorts look more risky today, but if you try use stops above 1270. However be ready to buy a break above 1270 targeting 1277/78 before mega important 4.5 year trend line resistance at 1280/83 and the best selling opportunity for today. Try shorts with stops above 1290.
Minor support at 1252/51 held perfectly yesterday but look for better support at 1245/44 on further losses. Try longs with stops below 1240. A break lower targets the next buying opportunity at 1234/32. Try longs with stops below 1228.