The Gold has been in a steady uptrend. Fresh buyers showed exactly as planned and explained within 1500 zone and we are seeing a momentum push to the upside.
The Gold is targeting 1525-35 zone as the first target. A bounce from the POC zone happened after a sideways consolidation and currently we can see a strong momentum above 1500. If 1535 breaks we should see 1550 and eventually 1565. Only a loss of 1480 could make the pair bearish on H4 timeframe. Watch for a continuation of uptrend as long as the price is above 1480-1500 zone.
