Gold Uplifted

Gold is trading higher in today's session due to Techicals and Fundamentals combined, especially weak Asian markets. $1,118 is today's high made in the early hours, while current market price is $1,112.

Gold is slightly above the consolidation from the previous days, but it is still in the ascending channel seen best on the H1 chart. A Double Top can be spotted with highs at $1,113. If this level is breached, next target for bulls is the resistance line at $1,125. On the other hand, failure to reach that target could stimulate bearish selling pushing prices to first support zone at $1,097.

Chart: XAU/USD H1