Gold consolidating. There's the potential for another wave up which could be a big one. If it holds above the 1760 area it will be a big buy. If it goes down I will be looking closely the 1745 support, if it goes below - sell. But at the moment gold is performing brilliantly withing the channel limits.
Looking at the 4h chart for the last months and every time RSI has been close to 30 or below a new uptrend had started. Price has come back to the main trend and using the 200 MA as a support. So my guess is that the downtrend is done, we shall wait and see.
