Gold tries to rally again
Gold's rally above $1241 was sharply rebuffed but, once again, the buyers came in above $1235. A daily close above $1241 would mark a bullish development.
Meanwhile, the $1235 level continues to act as support, so any deeper retracement requires a move below here. The overall bullish impression persists, so even a dip towards $1210 would still be a higher low within the context of the move higher from the August lows.