Gold failed to breach the resistance 1236.15 at 38.2% correction and stabilize above it, which represent a very significant resistance that should be breached to confirm extending the upside move. Trading below the referred to level forces us to move to the sidelines for a while, in light of the ongoing positive signal from Linear Regression Indicators, but MACD and RSI won't be confirming that.
We will monitor the pair today between 1236.15 and 1215.75 before taking a new decision, and close the positions taken earlier after failing to breach the referred to resistance at 38.2% correction.
