There is not enough information on this chart for me to form an analysis.
However, i find the yellow, turquoise trend lines of interest and the amount of trend lines which are crossing over each other right now. This is a significant number and usually correlates with an inflection point in the price.
It is also worth noting how Gold appears to breakout north of the current trend lines after a smaller rejection from crossing trend lines above.
$1600 appears to have just had this crossing of trend lines, which would imply a small rejection followed by a drive up north.