Latest Gold News and Fundamentals by Reuters:
* The buying of physical gold remained muted across major Asian centres last week as higher prices dented demand, though seasonal demand could boost activity in top consumer China next month.
* Russia is increasing the share of gold in its state reserves to beef up national security, Central Bank First Deputy Governor Sergei Shvetsov said on Friday.
After testing 1285 Pivot, XAUUSD headed upwards. Gold is being priced at 1289 currently.
XAUUSD is above EMA 50,100 and 200 on the Daily Chart. Testing the lower border of the cloud. Technically, price needs to make a few daily closings above 1291 to continue its upward movement towards 1318.