Gold Technical Analysis: Yellow Metal consolidating in a bull flag just below 1,230.00 level

• Gold is trading in a bull trend above the 200-period simple moving average. 
• The metal is consolidating in a bull flag as bulls are trying to break above the 1,230.00 level.
• A bear breakout below 1,115.00 on a daily closing basis would likely be a warning sign for bulls.  

Gold 4-hour chart 

Rate:                          1,227.87
Relative change:        0.45%
High:                          1,230.14
Low:                           1,218.40

Main trend:                 Bullish

Resistance 1:            1,237.60 July 3 swing low
Resistance 2:            1,250.00 figure
Resistance 3:            1,265.90 July high

Support 1:            1,220.90 July 18 low
Support 2:            1,211.17 July 19 low 
Support 3:            1,204.10, August 3 swing low (key level)
Support 4:            1,182.90 August 24 low
Support 5:            1,172.82 current 2018 low