GOLD confirmed a strong closing last night suggesting another test on the upside; a daily closing above 1767,10 will resume the move up but we do not expect much higher levels.
The indicators of the daily chart are still positive but again just at the line and also those of the s/t ones are positive suggesting further strength. In the s/t only a return below 1738,60 will favour lower levels suggesting a test of the 200 hours line at 1734,80 if not even a little lower, scenery suggested by the potential negative reversals we have in the hourly chart.
For this reason we try again small short here at 1742,50 for a possible target at 1697,60. A stop should be put however only above 1755!!
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FUTURE TREND RESEARCH