Gold topped almost exactly at quite strong resistance at 1264/65 to target 1255/56 and retest minor support at 1251/52. We are holding here again today as I write, but look for much better support at 1245/44 for profit taking on any remaining shorts. A bounce from here is certainly possible but longs look more risky. A break lower targets a buying opportunity at 1234/32 with a good chance of a low for the day. Try longs with stops below 1228, and look for a bounce towards 1243/44.
First resistance at 1255/57 but above here meets strong resistance again at 1264/65. If you try shorts 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.