Gold has surged up yesterday from a low of 1210.77 to 1244.75 and it is resisted by top of 4 hourly equidistant channel shown below.
4 hourly chart of Gold
Short Term Bears may want to short near the top of the channel, since it is near to a resistance zone but Gold may find support at
(1) a resistance turn support level near the weekly breakout,
(2) uptrend line (blue) and
(3) bottom of the equidistant channel.
