The sentiment in financial markets has been improved. Gold started it`s upward rally breaking the level USD 1.760. On the one hand on weekly chart we see bullish mat hold candlestick pattern in conjunction with bullish belt-hold candlestick pattern but on the other hand there is very strong resistance ahead and bearish pattern of trend. Therefore, even if the gold can reach the level of 1.800 but it is still not recommended to buy.
Our recommendation is to wait for appropriate trading opportunity.