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  • Gold is trading in a bull trend above the 200-period simple moving average.  
  • Gold broke above 1,237.60 (July 3 swing low) as technical indicator suggest more upside.  The next levels for bulls to reach are likely located near 1,250.00 figure and 1,265.90 July high.  
  • A break below 1,204.10 (August 3 swing low) would likely be a warning sign for bulls.  

Gold 4-hour chart

Rate:                          1,234.60
Relative change:        1.04%
High:                          1,239.90
Low:                           1,221.40

Main trend:                 Bullish

Resistance 1:            1,250.00 figure
Resistance 2:            1,265.90 July high
Resistance 3:            1,300.00 figure

Support 1:            1,237.60 July 3 swing low
Support 2:            1,220.90 July 18 low
Support 3:            1,211.17 July 19 low  
Support 4:            1,204.10, August 3 swing low (key level)
Support 5:            1,182.90 August 24 low
Support 6:            1,172.82 current 2018 low