Gold futures are edging higher post US CPI. The pair is en-route forming new high after the reversal at 0.50% Fibonacci level at 1303.60 which is trapped between the recent support and resistance at 1277.60- 1327.30. However, with the greenback struggling to preserve its bullish momentum in the last hour, the pair turned positive on the day and was last seen adding 0.42% on the day near $1318. Further bullish movement overtaking $1319.50 will indicate the buying is getting stronger. The first target angle comes in at $1322.10. Taking out this angle could trigger an acceleration into another angle at $1326.60. This is the last potential resistance angle before the $1331.10 main top. For a bearish movement a sustained move under $1313.00 will signal the presence of sellers.
