Gold Technical Analysis: Bulls keep the trend intact as the Yellow Metal is nearing $1,250.00/oz

• Gold is trading in a bull trend above the 200-period simple moving average. 
• Gold broke above 1,237.60 (July 3 swing low) as technical indicator suggest more upside. The next levels for bulls to reach are likely located near 1,250.00 figure and 1,265.90 July high. 
• A break below 1,204.10 (August 3 swing low) would likely be a warning sign for bulls. 

Gold 4-hour chart

Rate:                          1,238.20
Relative change:         0.54%
High:                          1,243.42
Low:                           1,229.80

Main trend:                 Bullish

Resistance 1:            1,250.00 figure
Resistance 2:            1,265.90 July high
Resistance 3:            1,300.00 figure

Support 1:            1,237.60 July 3 swing low
Support 2:            1,220.90 July 18 low
Support 3:            1,211.17 July 19 low 
Support 4:            1,204.10, August 3 swing low (key level)
Support 5:            1,182.90 August 24 low
Support 6:            1,172.82 current 2018 low