Gold - Technical Analysis: Tuesday, 19/12/2017 07:32 GMT

The bearish correction extended to touch 76.4% Fibonacci correction level and the price bounced to the upside to start attempts to surpass 61.8% barrier that turns into resistance now, indicating that the price heads to return to the main bullish trend, and our next target is located at 1281.10.

Surpassing the bullish flag supports the chances of continuing the rise, while breaking 1240.75 will force the price to achieve more decline on the short term basis.