Gold bears still love the daily h&s is still a possibility. Break through above the 1263 double top and that should crush their dreams. Once that is accomplished, look for push to 1280 unless they want to retest 1237.
Gold trend right now is up but could be entering some sideways, minor down action. 1263 is giving bears hope with possible h&s forming (daily). Staying above 1237 is important for the longer term bulls. That area could be the "reload" spot for the dip buyers.
Thinking the low is in (for now) with that 1215 extreme. Important to break through 1237, which failed in the first attempt. Once through, look for 1250 as first initial target. This product loves to trend and right now the return of the up trend is in its early stages.
Seems like it's the same story everyday. If ____ holds then the low is in, if not then next chance for low is ____. And it's again like that today and will continue to be like that until the true low (temporary as all prices are) is made. This product keeps making a new low, rebounding higher to the previous old low, then continues its downward journey. Ideal to...
1237 rejection was kind of a big deal. Now back at 1225, flirting with trendline/support and possible formation of inverted h&s but daily chart still showing a slow leak of price. 1215 is next best chance of "the low" if the 1225 trendline doesn't hold.