Gold price is moving towards our next targets of $1,300-$1,320. Trend remains bullish since the call I made for an important low at $1,250. Important long-term trend resistance is found at $1,350-60 and I do not expect to see it broken without a pullback first.
Gold price has broken through the daily kijun-sen (yellow line indicator) resistance. The next target is the Ichimoku cloud resistance at $1,325. Gold is in a bull trend as we mentioned from $1,250 while most expected the Gold price to crash, I was bullish focusing on a strong bounce. If this bounce is the start of a new uptrend it is still too early to tell.
