There seems to be a bit of short covering in gold paper markets with the USD/JPY turning down. It could be that there is some downside expected in equities with the Greece vote or any number of other factors causing some profit taking in risk assets. The gold price has lifted off the flat kumo support so it would be nice to see a followup to that. The MACD is not crossed up yet. If it did cross up there might be a chance to go for the 1240 resistance key target.
Gold spot daily chart
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