Gold Grinds over 1230

XAUUSD, H1

Gold got the anticipated “G20” early month lift at open today following Fridays monthly close over the important $1220 level. The weakening US dollar, relief rally in Asian equities  both added to demand for Gold. The Asian session breached $1225 and follow through buying continued through the European session and into the US open. R2 and new “line in the sand” at $1230 was also tested, breached and eventually broken. R3 at $1235 is pushing the price into over bought territory and more the significant daily resistance area.

Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.