Gold seeks to break higher once more
Over the past three trading days, gold has been in a clear upward trend as it regains ground lost in March. This trend looks likely to continue, with early morning weakness finding support at the 50% retracement.
However, it is worth noting that the market topped off at $1260 overnight, which is a notable resistance level from March. Thus a break through $1260 would highlight a good chance that this uptrend will continue, with resistance levels of $1263 and $1271 coming into view.