Since the start of 2017, gold has been on an upmove regardless of a strong dollar backed by increasing uncertainty over polices which the U.S President Elect Donald Trump might consider after taking office from 20th of this month.
Yesterday after the first official conference held by Donald Trump the gold moved northwards breaking a key resistance level of $1188 by closing above it.
Today also the trend continues with gold trading above $1200 mark.
Gold can move up to $1238 which is the next resistance on the daily chart and even higher.
Gold can be bought for the target of $1235-$1240 having a stop loss at $1182
Current market price is $1203.5