Gold - 240 - Key levels.

TVC:GOLD   CFDs on Gold (US$ / OZ)
Looking at the 4 hour chart, then it seem as it wants to continue working upwards the channel. The Daily is telling us that if this 1257 level holds, then we could see some Selling (which I would prefer). It is difficult to predict here anything, but if it will close below the lower trend line , then it could be a nice sell position.

Keep an eye on the price action!
Comment: So it didn't want to stay in the upwards channel. Broke the lower trend line. Could have a longer term Sell Off. But keep an eye on it.
Comment: 26.05.2017 UPDATE - NO LONGER VALID.