prices have been undeniably bullish
on the daily timeframe
. Prices have been respecting a healthy uptrend since early December when a solid breakout above $1,240 was achieved. With the precious metal repeatedly creating higher highs and higher lows, bulls are clearly in the building. Gold
has the potential to rally towards $1,333 once a solid daily close above $1,325 is achieved. If $1,325 proves to be a stubborn resistance, Gold
is seen slightly correcting lower before re-challenging $1,325 once again. This setup remains valid above the $1,303 higher low.