FX.co ★ 1626.00 Remains Trend Defining Support For Gold.

Technical Outlook and Chart Setups:

As seen from 4H chart view here, the yellow metal seems to be poised to test 1626.00 level before rallying. Please note, testing of highs and lows is a technically healthy sign, and not to be taken as a down trend at the moment. It is still recommended to hold long positions taken earlier till the time prices remain above 1626.00 level. A break below 1620.00 would confirm a paradigm shift in trade direction. Looking higher at the moment.

Trading Recommendations:

Hold long positions, stop at 1620.00, target open.

Good Luck !