At the moment gold is in an uptrend - it reached a resistance level on Friday and it is trying to breach it. If it does, I see it advancing further towards the 1500 level. If it fails to breach resistance then there will be a retracement and a possible chance to reload to continue the major trend. Whether it does and how much it does - the evidence will be in the charts.
What I'm trying to suggest is that you use smaller timeframes to judge the continuing strength of larger timeframes and to provide evidence of change.
For example I posted a 20 min chart above which I am using to gauge whether the move will take out resistance that I have identified from a 240min chart which has a $100 range. Obviously a larger chart has greater "power" but with that you maybe have to sacrifice a bit of accuracy - ie it needs some leeway......
I hope that makes sense.
If anybody tells you that X will do Y exactly, I would advise you to ignore them.....Price and only price tells you what is happening - learn to use the smaller charts to tell you what the larger trends are doing.
beeb