XAUUSD BULLISH TRADING

Gold price bounced off critical support and took back in one session what was lost in three. Wednesday's lows are very important now. Major support at $1,212. Breaking below it cancels any bullish scenario for Gold. We remain bullish expecting $1,245-$1250.

Gold price moved higher yesterday above $1,237. This is a bullish sign. Gold is ready to break out above $1,240 towards $1,250.