Spot Gold holds within tight range on Tuesday and awaiting series of US PMI data for fresh signals. Repeated rejections at $1270 zone keep the downside protected for now, but upside attempts remain limited and keep near-term bias with bears. Widening daily Ichimoku cloud continues to weigh, along with converging daily MA’s in bearish setup. Near-term risk remains at the downside for test of 200SMA ($1266) and lows of 27 / 06 Oct at $1263/60. Broken Fibo 61.8% of $1263/$1299 upleg caps for now and marks initial barrier at $1277, with extended upticks to be limited by daily cloud base ($1282).
Res: 1277, 1282, 1285, 1289
Sup: 1274, 1270, 1266, 1263
