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XAUUSD : Testing Resistance at 1256.95

(XAUUSD :  4 Hour Chart)

Gold again seems like consolidating within a 4 hour chart. The pair earlier broke the resistance trend line of a descending triangle trend reversing the downtrend to uptrend but found resistance at 1256.95 and support from a rising trend line. This trend again shows that the pair should continue to follow the uptrend breaking the current resistance level at 1256.95. On the other hand the pair might also break the support trend line but currently the bias is towards the upward direction. Although there is no key data releasing today which might impact prices of Gold we might not see a big move in the pair.