Gold looks ready for another leg higher

Gold was sold off from highs at $1285 after nice move from support at $1241 that I mentioned earlier (find out my idea in the linked chart).

Today, it squeezed below intraday supporta $1264 on CPI data from US but buyers regained power and pushed prices higher above consolidation resistance at $1266.70. After retest it bounced and put series of higher lows and higher highs.