Fundamental:
I personally think there's likely to be more tension between US and Iran which will likely push Gold prices higher.
Technical:
Daily Candlestick rejection of MA
Broken trend lines and retested
A close above 1563 will show a higher high and confirm long momentum
Should eventually find its way towards 1600 region. Could sell off there or push to 1635 or higher.
I personally think there's likely to be more tension between US and Iran which will likely push Gold prices higher.
Technical:
Daily Candlestick rejection of MA
Broken trend lines and retested
A close above 1563 will show a higher high and confirm long momentum
Should eventually find its way towards 1600 region. Could sell off there or push to 1635 or higher.