Gold daily time frame price action confirmed newly found support at 200 day . Friday trading witnessed an explosive break through the falling resistance trend line. If the current sentiment prevails the next resistance on the upside is located at 1720-1725 level followed by 1792-1800. Alternatively the first support on the downside is located at 1646 which is also 200 Day . This support level needs to stay intact for a scenario to continue. The current Red Flags are the Indicators like and which are at over- bought levels, but they can stay extended for a long time.