Gold prices returned higher in the intraday levels after leaning on the SMA for the last 50 days period, while coinciding with another lean on the upside trend line in the short term as shown in the attached chart, lending it positive momentum that helped it rise and hit a session-high at 1,270.24, bouncing off it lower and trimming these gains, with an influx of positive signals from relative power indicators.

Therefore we expect more gains to come for the precious metal, targeting the pivotal resistance of 1,278.50, readying to attack it.

Trend Bullish