GOLD
Spot Gold peaked at $1229 on Thursday, on extension of post-Fed strong rally formed base at $1195 zone and signaled that correction from $1263 to $1195 might be over.
Strong dollar’s negative sentiment that came after Fed, boosted yellow metal and turned near-term bias higher.
Bullish extension met initial target at $1129 (daily Kijun-sen / 50% retracement of $1263/$1195) and could extend towards next barrier at $1337 (Fibo 61.8%) after consolidation.
Sustained break above $1237 is needed to confirm reversal.
Broken daily Tenkan-sen offers solid support at $1215, followed by thickening daily cloud that contained correction from $1263 and is now underpinning recovery. Cloud top lies at $1210 and is expected to contain extended downticks to keep fresh near-term bulls in play.

Res: 1229; 1237; 1244; 1247
Sup: 1221; 1215; 1210; 1208