Gold is trading inside a Channel Up that got it off the prior downtrend as it crossed above the MA50 (1d). The price hit the top of the Channel Up, so a pullback is expected, same as July 3rd and July 10th. Perhaps the most important development today is the first Golden Cross (4h) since March 15th.
Trading Plan: 1. Buy near 1,966.
Targets: 1. 2005 (top of Channel Up).
Tips: 1. The RSI (4h) is perhaps more illustrative of the expected minor pullback as it appears to have completed a leg similar to those that peaked on July 7th and June 30th. Also there is a Rising Support to consider for the Channel Up.