#Gold #XAUUSD - Neither here or there

Gold bugs are waiting for this metal to rally, however, I see a stumbling block at the 1236 level it has been resistance since early this year. However, it seems although we have a upward channel forming, but you could make a case for a #bearish #flag, a sustained break above 1236 would open up that 1275 area, then after that we could rally into 1300 and beyond. So, patience is the key. Overall my gut feeling leads me to the #bullish sides, but I need confirmation.