Gold Slightly Above Resistance

Gold is trading relatively higher in today's session gravitating around the $1,270 level. The resistance of $1,260 was taken out and the only thing left now is for Gold to close above $1,270 so that we would have a reason to believe the precious metal is ready to take off.

Next resistance is $1,280, and if this level is broken then we might witness Gold make an attempt to reach the psychological level of $1,300 for the first time since January last year.

Whether or not Gold continues to climb up, it's price remains low making Gold one of the best commodities to buy and hold for the long-term.

Chart: XAU/USD H4