Gold was up $17 yesterday, it has now touched the 1.618 Fib level of the December to January 2017 rally.It acted as a nice resistance and I see the metal correcting to the 1262.93 . This level was previously a nice resistance in late February and should be the perfect spot to enter a long position.
A golden cross of the 65 over the 200 is about to happen. This is a good indication of a change.
If Gold jump over the 1.618 level we should keep an eye at the old trendline and wait for a re-test at the 1279.92.
Stop Loss should be below the pink trendline ($1250-$1255)