Gold retested the key area near 1300.00 resistance, as price breaks above the first tier descending resistance as shown on chart. A continuation above 1300.00 is required now to confirm further upside towards 1320.00 major level. Overall, maintaining trading above 1267.00 among the ascending channel shown on chart keeps the bullish scenario valid.
Support: 1285.00, 1275.00, 1268.00, 1261.00, 1242.00
Resistance: 1295.00, 1302.00, 1308.00, 1320.00, 1330.00
Recommendation Long gold above 1280.00, targets at 1300.00 and 1321.00. Invalidation below 1267.00