Gold price has been testing to breach yesterday High on early session and it went up as far as around 1695 (read my previous analysis). This level is around 161.8% Fibonacci based on weekly range on time frame 4H (left) while it is about 100% Fibonacci based on daily range on time frame 1H (right). Break this level then the next target would be around 1702 - 1715. Otherwise more consolidation would be seen or even break the 50% Fibonacci and flip back to the down side for short term period. Please noted that this bullish hasn't been confirmed on bigger time frame.
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