Gold Buy Setup

Details on chart.

Comment:

Gold at risk if 1241 not taken out..

As far as it is above 1220 and 1216 bulls will remain active but if prices go for 1220 then bear pressure will increase due to this channel.

Comment:

As per last chart.. gold finally broke below supports but still above 1200.. As far as it is under 1241 and 1250.. gold will remain vulnerable to go for 1200 and below.