I suspected the confluence of forks could pose resistance recently and it seems to have been the case.  I see many analysts calling for prices to move above 1240 from here and I just don’t see it.  I think 1150 is more likely.  Also note how strong the selling volume has been lately; it’s the biggest sell side volume we’ve seen since January which kicked off gold’s plunge from 1280 to ~1140.

Gold