Gold near to reach major target around 1275/82, but failed to sustain break the swing 161.8 level @ 1252. Daily candle show engulfing pattern that suggest to reach next target around 1295-1305. Above that there is medium support @ 1318/20 which not easy to break. Seller should wait until the price test the broken support.
Note : This is not trading call, please verify with your own analysis.
Thank you, Willy
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Now, touched the medium support break will go to below target, bounce will retest the upper cluster. for seller can move the SL above 1328