Up about 0.43% on the day.

Gold is up modestly in trading today. The price is up about $6 or 0.45% on the day. It is trading near the high for the day at $1262.76 (currently trading at $1261.43).

Technically, looking at the daily chart, the price moved above the 200 day MA last week on all the Trump excitement last week. Although the gains have been limited, the price has been able to stay above that MA line (the 200 day is at $1243.48). Stay above is more bullish for the pair.

Drilling to the hourly chart below, the move higher today has the pair moving away from the 100 hour MA currently at $1252.44 (and moving higher). The 61.8% of the move down from the mid-April high comes in at $1264.94. The high last week stalled around that level. A move above will be eyed for further upside potential for the pair.

Overall, technically the precious metal is more bullish on the run off the lows last week. The price has moved back above MAs on the daily and also remain above the 50% and 100 hour MA on the hourly. Keep that bullish view and technically, things are looking more bullish. Fundamentally, Trump being overseas has eased some of those concerns. However, the dollars weakness of today is keeping the buyers in the drivers seat.