The support levels just above the 1,300.00 mark where reached even faster than it was expected.
Mainly the move has been associated with the strength of the US Dollar, but the combination of various supports at the mentioned level managed to force the metal into a rebound.
During the rebound various resistance levels where passed, and by the middle of Friday’s trading the bullion was trading sideways above the 1,315 mark.
In general, the situation needs to be watched, as a sudden surge or decline was about to occur.
