Gold Higher

Gold is trading higher in today's early trading hours making a high of $1,246.27 with an opening price of $1,233.29. Technical factor impacted price movement as the precious metal was resting on a short-term support at $1,237.

This boost raised price with more than 1% thus making Gold the second asset to register the highest gains so far today right after it's smaller brother, Silver which made a climb with more than 2% going from 16.15 to 16.73.

First resistance for Gold is $1,245, major bull target is $1,267 and then $1,277.

Chart: XAU/USD H4