Gold has gained positive traction against the US Dollar on Wednesday, although the price broadly remains in the weekly range.
Brexit uncertainty underpinned the demand of Gold's safe haven appeal while dovish tone by FOMC is providing additional boost to the precious metal.
Moreover, weakness around US Dollar lends further support to the non-yielding metal. However, prevailing risk-on mode is not allowing bulls to find strong conviction.
Technical Levels to Watch
Immediate resistance for the metal is pegged at $1295 ahead of $1300 and then $1309. On the flip side, immediate support is at $1286 followed by $1280 and then $1272.
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