Gold remains difficult to predict as to which direction it will take. However, from a technical perspective there is still hope that gold will climb to the upside. Currently gold is still ranging, technically so due to the 200SMA running flat since March, 2017 and fundamentally probably due to rising interest rates and quasi political stability.
Though regardless of the fundamentals, the key level really to watch out for is the 1255/60 zone for a couple of reasons: 1. It is the low of the entry candle for the bullish triple bottom pattern from exactly 4 years ago 2. It is the bullish cross-over level of the 50 & 200SMA 3. It is just below the 61.8% retracement of the CD leg of the bearish Gartley pattern
Therefore, a close above this level would certainly see bullish momentum increase and once price closes above the 50SMA we can start targeting the 1380, 1480 and likely, too, the 1580 levels above.
So keep an eye on the 1255/60 zone for a possible bullish trend continuation.