Gold precious metal on the 4 Hours Chart has been in an uptrend since 21 May 2019 when it registered the low price at 1269.603. On 23 May 2019, Gold recorded the high price of 1287.347. Applying Oscillator Analysis on the price chart, one can notice that price is trading below the SMA 60 period Moving Average line, a fact that confirms the downward direction of Gold. Furthermore, the MACD (Moving Average/Convergence Divergence) Oscillator is recording values above the zero line which hints to the bullish bias of the financial instrument. Additionally, the RSI (Relative Strength Index) Oscillator registers values above the fifty line which indicates positive sentiment. The three technical indicators display mixed signals about the direction of the financial instrument. Applying the Fibonacci tool on the price chart, three price targets may be calculated. The first price target is estimated at 1280.061 (161.8%). The second price target is seen at 1284.479 (261.8%). The third price target is projected at 1291.628 (423.6%). The first and second targets were reached successfully. The Gold is currently trading above the uptrend line. The presence of the Bearish Harami pattern hints for a potential rally to the downside. Of course, supply and demand as well as the crowd sentiment will determine the course of Gold. Although the market is currently following the counter trend direction, this might just be a correction, as long-term trend remains bullish.