Gold price remains above critical support and below short-term resistance. On a break above $1,240-45 I expect a minimum target of $1,280 to be achieved if not at $1,320. Trend remains bullish.
Blue line - support
Gold continues to trade above the Ichimoku cloud and above the trend line support. Resistance is at $1,240-45. Breaking it will be a bullish short-term signal. Trend remains bullish despite the short-term consolidation. Bulls do not want to see support at $1,225 broken.