Gold punches higher yet again
Gold has managed to break higher again overnight, with the price pushing upwards once more this morning.
This has taken us to a new four-month high, where the next key resistance comes in around $1357. Until then, further upside is likely, with the creation of higher highs and higher lows on the hourly timeframe providing buying opportunities. As such, a bullish view remains in play, unless we break the near-term swing low, which is currently $1339.