WEEKLY - Based on weekly range, gold closed above 50% Fibonacci last week, above the downtrend line (red thick line) that now becomes support, and MACD still above the zero line as well. As long as it stables above 1655, then gold still has a chance to go up with target 1679 - 1692 - 1708. Otherwise gold will flip back to the downside.
Since MACD has already crossed and facing down, gold might have some consolidation before it continues its up movement.
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