Gold price breaches above a key resistance of 1916

- Ukraine crisis propelled a rally in gold, which is now at fresh 12-month high
- Prices breached above a key resistance level of 1916 and exposed the next resistance of 1950
- overall trend remains bullish-biased as prices formed consecutive higher lows and higher highs
- ongoing geopolitical disputes between Russia and Western powers over Ukraine may buoy demand for safety and thus support gold prices