Gold back around resistance area
Gold has managed to rally back into the $1265 region this morning, as the market continues its gradual ascent. The fall below $1260 added a greater risk of a pullback, yet an hourly close above $1265 would negate this.
The recent bullish turnaround may not have been the most exciting, yet it has been relatively consistent. As such, further upside seems likely, with a break through $1265 adding greater confidence to that move.