Gold turns lower from trendline resistance
Gold is breaking higher following a period of consolidation to start the week. Surprisingly, the risk-off mode seen in the wake of the Italian political developments has been slow to come into play for gold, yet we are seemingly seeing that emerge now.
Watch out for whether we can see the price break through trendline resistance, beyond which we have the $1308 swing high to contend with. A break above those would provide a greater confidence to the bullish view.