Gold: bullish for $1250 – BAML

FXStreet (Barcelona) - Technical Strategists at BofA-Merrill Lynch, see Gold as having resumed its uptrend, and expect a bullish move towards $1250.

Key Quotes

“Gold has resumed its 2m uptrend following the overnight break of 1208/1217 (1.5m range trade/bull flag formation & 200d MA). This 1208/1217 zone should now act as support on pullbacks. Stay bullish for a push towards 1250 and eventually 1307/1345."