Technical analysis of gold for July 20, 2017

GOLD price has stopped its rise at the short-term resistance level of $1,245. Gold price might pull back even further towards $1,230 if $1,235 is broken but overall I remain bullish looking for a move towards $1,260 at least. Gold price is trading above the 4-hour Kumo (cloud) and the kijun-sen indicator (now at $1,229). […]