The gold price crossed 1220 level. As it continues its expansion, the 1237 level will be our next target and level to test. If this level doesn’t prevent the price from further rallying, the upper band of the channel in the vicinity of 1260 will be on the radar.
The Gold price has reached our target at 1237. Currently it is heading the upper band of the ascending channel in the precinct of 1260 level. 1240 will act as support.