GOLD Trend update

• Gold four hour chart shows price making newer highs without major corrections.
• Daily chart is pausing at 78.6% Fib level. Breakout above 1741 should target levels like 1763 and 1790. Weakness only on sustaining below 1716 levels.
• Weekly chart shows crucial resistance just above Golden ratio. Last two major attempts to move up has failed near this level.

GOLD Trend update

• Gold hour chart moving sideways after an up move.
• 4 Hour chart is near crucial up trend line getting support here should do an up move. Breaking the trend line may push gold down towards the cloud or the 2nd up trend line.
• Price sustaining above the 4 Hour cloud will keep the up trend intact.