Is gold building for a run up through the 1300 level to previous major highs

Gold Review

Spot Gold XAUUSD

Gold has been in a strong move up since global share markets went into free fall around October last year. With the bears talking up another market correction lower in share indexes, is Gold the place to be? We see a break of the 1300 whole number on the cards in the near term which may open the door to a run up to previous major resistance around 1370. Price is stretched on the daily at current levels but higher lows are still holding so the bulls remain in control.

Commodity : Spot Gold XAUUSD

Current Price : 1294.70

Status : On watch for higher lows to continue price higher