After the down pressure (that I though would fade at the 1240 FIBO level), the bulls managed to step in a the 0.382 Fibonacci level (1263) and push again on the accelerator. The week ended with good gains and a costant and relentless buy action that boosted again the precious metal over the important 1300 mark. In my opinion the march will continue to 1324 FIBO level and after a brief pause shoot up over the 1357 resistance. Gold has been respecting FIBO levels with precision during current year.
