Gold has reached the top line of the yellow channel. It seems that double top will be confirmed on 1h chart, and 1502 break is a fakeout.
It's possible that Gold will down to 1490 then up again.
First support, 1496.88 - 1497.3
Gold failed to break 1495 yesterday and backed to trade under MA100 on 4h chart. It also broke uptrend line B from 1459 again.
We've seen Gold rally in range 1477 - 1497 for a long time. The range should still valid.
1) On Monday, the uptrend line B from 1459 had been broken. Then Gold bounced after tested uptrend line E which started from 1474. The uptrend line B has been retested multiple times by the bounce. Till now, Gold continues running under line B. The broken has been confirmed.
2) Besides that, Gold is still trading under the downtrend line A and C.
3) We haven't...