Gold Price Trades Around 1280.00-1281.00

London (Jun 14)  Gold trades around 1280.00-1281.00 following yesterday’s bullishness.

Positivity on moving averages 20 and 50 persists along with ADX.

RSI shows sign of weakness and we remain bullish on Gold with a stable move above 1270.00. Trading above 1280.00 and 1281.00 will assist traders to take gold towards 1300.00.

Support: 1275.00 – 1270.00 – 1261.00

Resistance: 1290.00 – 1294.00 – 1300.00

Direction: Bullish