Yesterday, we had shared our view that Gold could have make a bottom, today, price make another breakout from a Ichimoku V price formation. This V price formation gives us a price projection of $1485. There is a strong previous support turned resistance at $1481. We think price is likely to test this resistance zone of $1481-1485 in the next couple of days.
MACD could be turning bullish soon with the slower line close to the zero line. Stochastic has just moved into the overbought extreme and could stay in the extreme zone for a while more. 20EMA is now turning up. The previous breakout point of 1461 is now likely to provide support.