Gold attempts to break back into bullish trend
Gold has been gaining ground since hitting the 76.4% retracement in December. We are seeing further gains coming into play in 2017, with price challenging the key $1165 resistance level.
An hourly close above $1165 would provide a bullish signal, with the $1181 and $1200 levels coming into view. We would need a break back below $1146 to negate this bullish outlook.