Gold Continues Moving to the Upside

As I thought it would, Gold continued moving to the upside towards the (MA)89 indicator on the daily time-frame, which is currently situated at $1,214. The precious metal has almost reached that level and I have little doubt that it will continue pushing to the upside until it does reach it. The question is, what will follow next? A possible breakout above that level will likely lead to a further move to the upside towards the next resistance level, which coincides with the same indicator, but on the weekly time-frame and is at $1,230. Should Gold bounce off $1,214, however, we can likely expect a retracement towards $1,180, perhaps even lower than that. Either way, it's a good idea to watch Gold closely for any signals once it reaches the aforementioned resistance.