Gold having a nice bounce up from the 1286 lows.

Despite the EUR today the dollar has weakened against the commodity currencies with USDCAD breaking key support and AUDUSD getting a boost from the 0.9227 overnight lows trading session highs of 0.9270, we have seen this dollar weakness against gold as well with gold just breaking the 1292 pivot and trading new highs of 1295.

Gold 15 minute chart

The next level to watch on the upside is the 1300 psychological level.