After touching 2018 lows of 1281.76, gold seem to have found support around the same and consolidated on daily charts at the same level. The retracement of 1285 (61.8 % Fibonacci retracement from 1235.92 to 1366.07). On daily chart stochastic has shown positive divergence against the price action indicating upside in gold. A break of the near term trend line support acting as resistance now and break of psychological level of 1300 is likely to take gold higher towards 1316 (38.2% Fibonacci level) to 1325 (50 Day SMA). Momentum indicators like MACD crossover below zero line and stochastic crossover below 20 level also indicating upside in yellow metal.