Gold - 240 - Breaking higher

Trade Alert

After yesterday's rally, Gold managed to pierce through its short-term downside resistance line, making its way to the psychological 1300 level.
The precious metal is already correcting slightly lower. If the price remains above the 1296 hurdle, this might interest the buyers again to join in and drive the commodity higher again.

Please see the chart for levels and targets.

Don't forget your stop-loss.