The precious metal rallied for the second consecutive week, ending
the week at $1254.74 per ounce amidst decline in the dollar.
Gold finds support at 1210 where the buying pressure sees a strong
week rally in the commodity.
Technically, Gold has broken above the support trendline which was
initially broken downward (yellow trendline in the chart above).
Gold may be poised to trend towards the resistance 1300 but there
is an immediate resistance of 1258.55 to needs to be breached upward.
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