Spot Gold maintains positive near-term tone and consolidating under $1233 (top of two-day post-Fed bullish acceleration from $1197).
Failure to clearly break above daily Kijun-sen at $1229 (barrier was cracked but no close above) signals consolidation, before bulls resume.
Bullishly aligned daily studies are also supportive, with thickening daily cloud that contained $1263/$1195 pullback, continuing to underpin.
Close above Kijun-sen barrier will be bullish signal for extension towards $1237 (Fibo 61.8% of $1263/$1195), with extended downticks expected to find solid support at $1221 (hourly cloud top / broken Fibo 38.2% of $1263/$1195).
Alternatively, extension below the latter and violation of $1213 (daily cloud top / Tenkan-sen) would generate stronger bearish signal.
Res: 1229, 1233, 1237, 1244
Sup: 1224, 1221, 1215, 1213
