Gold To Continue Higher

Gold is likely to continue higher to $1738 and if it can break this high, the next target is at $1769.

Stochastic is in the overbought zone at the moment but there is no signs of a reversal as yet. MACD is bullish and continues to move higher, keeping the uptrend intact. 20EMA is also rising and supporting price on dip.
Price has also broken above the Rising Wedge’s top, negating a reversal call.

The old high at $1702 is the level to watch. A move below this support will negate the uptrend and call for a reversal.

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