Technician

Gold: picking two short-term scenarios

FX:XAUUSD   Gold / U.S. Dollar
428 1 2
Short term bullish rebound scenario would be more likely on a break back above 1252.00 latest swing low and potential falling wedge , that could push for further upside to 1290.00 and probably 1306.00.

On the other hand, settling below the main descending support colored in pink and 0.786 retracmeent level may confirm a retest of 1208.00 and the the major swing low at 1183.00

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Agreed
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