Gold buyers return as the dollar changes direction
Head of Commodity Strategy
Summary: Gold has found its footing after last week's selloff, supported by a weaker USD.
Having broken back above $1,300/oz, technical traders will now be focusing on the yellow metal's ability to challenge resistance at $1,314/oz and more importantly $1,322/oz. A break above the latter could signal the end of the correction from a technical perspective and mark the beginning of a fresh attempt to challenge the $1,350/oz level.