On the Daily chart after breaks the high since April '19, gold has made a bullish sentiment. On H4 time frame, the price breaks the up trend line and make a pullback to the trend line also there is a demand zone. If you put the Fibonacci retracement, it is also on the 61.8% retracement. A strong indication to make a buy setup with the target price to 1550, still has enough range to move up.
Will it moves higher?
Comment
⋅
The price breaks another up trend line also breaks the wedge pattern, it tends to go higher. Pay attention to recent support area 1428.