Analysis of gold in the near and medium term

Gold and expected continued rise. 

 

Gold is still moving in a strong uptrend Currently, gold is facing a strong supply 

and resistance area for the hourly frame

It is expected that if the area is breached and closed above it the rise will continue

to the targets shown on the chart. 

The analysis fails in the event of activation by returning

and closing a full candle below the area.