FX.co ★ Gold: Trend remains unchanged. 1,720/25 is immediate target

Technical outlook and chart setups:

The trend structure remains unchanged and bulls are determined to take off further resistance before a meaningful pullback begins. Resistance is spread through 1,710.00, followed by 1,720/25, and 1,753.00 levels, while support begins from 1,665.00 level, followed by 1,650/55 and 1,630.00 respectively. At the moment, through the 4H charts are a bit exhausted on indicators, bulls would want to target 1,710/20/25 resistance levels. Hence it is recommended to stay long and also buy on dips around the 1,682/85 mark.

Trading recommendations:

Hold long positions taken earlier, buy on intraday dips, stop is at 1,630.00, and target is open. Book partial profits at 1,725.00 level.

Good Luck!