GOLD Price as seen on H4 Chart tested MA100 Support , and reacted.
It was important the GOLD price to close above 1250 USD for Bullish trend.
First target level for GOLD is 1264 USD where two FIBO retracement lines are waiting as a resistance.
Break out of 1264 will confirm us 1275.
XAUUSD GOLD is bulllish and 1283 and 1295 levels are possible to be reached.
gold
Spot gold extended gains after minutes of the Federal Reserve’s last meeting showed that while officials expect further interest-rate increases soon, they said “it would be prudent” to wait for evidence that a recent slowdown in economic activity had been transitory.
Volatility has been a stranger to gold, despite a plethora of potential geopolitical triggers.