Gold Slightly Higher

Gold is trading higher in today's session after the precious market sold off as a reaction to the announcement that North Korea has agreed to cease their missile tests. Before this announcement, Gold bugs hopped on the train in anticipation that something bad might happen between the USA and North Korea.

However, as tensions eased up Gold saw a massive outflow of capital resulting in the depreciation from a high of $1,355 to a low of $1,321.

Currently, Gold is trading somewhere around $1,326, marking a slight improvement in bullish sentiment.

Major bull target is to break the resistance at $1,360 and close above it so that they could end the medium term downtrend and the short term consolidation in the range of $1,360 and $1,305.

Chart: XAU/USD H4