Gold Continuous Winning Streak As Bulls Gain Strength

Gold inched higher on Wednesday, increasing the price of the yellow metal to more than $1325.00 an ounce following some key economic releases. The technical bias remains bullish because of a higher high in the recent upside move.
XAU/USD Technical Analysis

As of this writing, the precious metal is being traded near $1332 an ounce. On the upside, a hurdle can be noted near $1374, the high of the last major upside rally on monthly chart ahead of $1400, the psychological level as demonstrated with red color in the given below chart. A break and daily closing above the $1400 level shall trigger renewed buying interest, validating a rally towards the $1440 resistance zone.

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