Gold February trying a break above 1223/25 this morning but we meet strong trend line resistance at 1228 today. A high for the day is possible here but shorts need stops above 1233. Be ready to go with a break higher using 1228 as support for a move towards strong resistance at 1238/39. Sell with stops on a move above 1244.
Failure to beat 1228 should trigger a move lower towards 1217. If we continue lower look for a test of support at 1214/13 for a buying opportunity with stops below 1210.