Gold was basically in a range-bound consolidation this week – Not a double top as price held above 1750. As we enter the last trading session this week, it is breaking into new highs for the week, putting the focus on the 1790.20 2012-high. Bullish momentum is maintained, as the 4H RSI held above 40 and is breaking back above 60. If there is a throwback, which is possible with the 1H chart showing some overbought condition, as the RSI goes above 70. However, we should first monitor the 1775-1780 previous resistance area as a possible area of support. I think as long as the market holds above 1765, which is like a ... (full story)