Gold price remains above support and is preparing to break above the recent highs at $1,285. A daily close above $1,280 will help Gold push towards $1,300 and higher. I remain bullish from $1,250.
Blue line - support trend line
Gold price is trading above the Kumo (cloud) and the blue upward sloping trend line. Price is making higher highs and higher lows. Support is at $1,270 for the short term. Resistance is at $1,285. A break below $1,260 will most probably push price towards $1,220 but I believe this is the less probable scenario. The most possible outcome will be a push towards $1,300 and higher over the coming days.
