Yesterday, the yellow metal broke the resistance level of the 200-hour simple moving average to end the day at the 1,296.00 level. On Tuesday morning, gold was located above the monthly pivot point at the 1,301.85 mark.
It is expected, that the yellow metal will keep surging to end the day at the 1,304.00 level.
Besides, the simple moving averages will try to catch on the rate during the week.
