Gold rises again, ends barely below $1,330

FXStreet (Córdoba) - Spot gold rose again on Monday extending the rally that started late in December and peaked at $1,329.80, the strongest level since October 31. The value of the ounce rose during the Asian session and then pulled back finding support above $1,320. During the last hours of the day moved with an upside bias, ending $1 below daily highs.

So far on February gold is rising $84 and is headed toward the best monthly performance since January 2012.

Levels to watch for XAU/USD

The first resistance looms at $1,330.00 and above then comes $1,340 and $1,346. To the downside support now could be located at $1,321 and below here at $1,313 and $1,307.