If the break out cloud more bullish Wait and watch cloud price action bull or bear Gold regained above the $1800 level on the weak US dollar. Markets eye US Fed chairman testimony for further direction. The US dollar index is holding below 96 levels despite hawkish Fed and surging yields. The minor sell-off in US treasury yield supports the yellow metal at lower levels. Gold hits an intraday high of 1810and is currently trading around $1809.89.