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Gold hopes for a rebound
We saw $1307 act as a barrier to upward progress last week, but the gold bulls have managed to hold the rising trendline from the December 2016 lows.
A continued defence of this level suggests another run at $1307 and the 200-day simple moving average (SMA) at $1308. A bearish view would develop with a close below $1283, the lows from last month.
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