Gold failed to touch the upper pitchfork line on the 4-hour chart. This was caused by the Rejection Block which acts as a resistance area very well. Besides, it makes Gold form the second leg that indicates loss of the momentum. From now on, Gold continues its climb. Now Gold is trying to go toward $1,700.64. If this level is easily passed through, then the next target is $1,670.96 - 1,659.45 as long as Gold does not rebound higher than $1,746.24 .
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