Gold bulls tried to push the price higher yesterday but the price still remains inside the bearish channel and the most probable outcome remains a move towards $1,190 before a bigger bounce.
Blue area - support
Yellow area - resistance
Gold got rejected by the 4-hour Kumo (cloud) resistance and is turning lower early today. The price remains below the cloud and inside the downward sloping channel. The trend remains bearish. Support is at $1,215 and resistance at $1,232 for the short-term.