Gold rallies may still be sold
Efforts to find real support in gold have proven fruitless, but for the time being the price has held above the lows of $1122. Further gains would need to break $1140 and then $1153, and then we may see a push towards $1180.
Below $1122 the price targets $1110 and then $1097. For the time being, it looks as if rallies will continue to be sold.