|Gold Anchor Chart|
Gold is trading HIGHER this morning with a short-term trend that is bullish. We can see the trend-line resistance around the 1300.0 big-round-number and price-action has tested this area and reversed back off these new highs this morning. We have resistance zones above us starting at 1315.4 with only a minor swing-high resistance in our way at 1305.0. This tells us we can easily see a big move above the 1305.0 up to 1315.4. We also have support below us at 1290.5 and 1282.7 which we will use in an up-trend to buy a pullback on the way to higher-highs.