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Gold – Daily close above $1263 would strengthen bulls

FX_IDC:XAUUSD   GOLD / US DOLLAR
20 0 1
Resistance - $1283, $1300, $1310

Support - $1263, $1253, $1237

  • Doors would be opened for a rally towards $1300-1310 levels if the prices manage to see a day end closing above $1263 levels.
  • On the downside, a break below $1255 could see prices re-test 50-DMA at $1237. Bears could gain an upper hand only in case of day end closing below rising trend line level currently seen around $1234.
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