FX.co ★ Technical analysis of gold

Gold:

The chart shows the movement of gold in the four-hour (H4) chart.

Comparing the recent price movement to that of July 13, July 28 and August 8's, it is clear that the correction is over and gold is ready to rise again. Quotes could increase to $1775 in the coming days, provided that the resistance area of $1756-1763 is broken.