Gold Technical Analysis: Yellow Metal consolidating gains above $1,220.00/oz after big breakout

• Gold broke above the multi-week range switching the main bias to bullish.
• Gold is now consolidating the recent gains below 1,237.60 (July 3 swing low). The RSI and Stochastic are printing a divergence suggesting a potential pullback down. Although the pullback might extend towards 1,220.90 (July 18 low) the bias remains bullish. 
• A bear breakout below 1,204.10 (August 3 swing low key level) would be seen as a warning signal for bulls. 

Gold 4-hour chart

Rate:                          1,225.92
Relative change:        0.67%
High:                          1,233.30
Low:                           1,216.55

Main trend:                 Bullish

Resistance 1:            1,237.60 July 3 swing low
Resistance 2:            1,250.00 figure
Resistance 3:            1,265.90 July high

Support 1:            1,220.90 July 18 low
Support 2:            1,211.17 July 19 low 
Support 3:            1,204.10, August 3 swing low (key level)
Support 4:            1,182.90 August 24 low
Support 5:            1,172.82 current 2018 low