The Gold edges higher and resumes the upside movement, is trading right above the $1260 per ounce and most likely will target the 1295 level.
Has broken above the outside sliding line (descending dotted line) of the major descending pitchfork, we may have a buying opportunity if will close above this level. I’ve said in the previous report that the Gold is located in the buyer’s territory after the breakout from the descending pitchfork’s body and from the minor descending pitchfork’s body, has come only to retest the 38.2% retracement level and the warning line (WL1) before has jumped higher.
