Technical Outlook and Chart Setups:
As shown in the 4H chart here, the platform is set for the yellow metal to start an impressive rally towards 1720/40 levels in the coming sessions. Bottom is formed just around the 1640.00 mark which should remain well supported while resistance is around 1675/80 and higher. It is strongly recommended to hold long positions taken earlier and further longs can be built today as well (1645.00). Gold is scheduled to target 1710/20/50 levels on the higher side breaking all past resistance. Look higher now.
Trading Recommendations:
Hold long positions, go fresh longs, stop at 1620.00 (to be revised), target open.
Good Luck !
