XAU is clearly in an uptrend. The clear path is between the Red R/S trendline.
But there is another Resistance that we have to pay attention. Just see the green Resistance.
Gold has been rejected several times around that Resistance. And the last H4 candle also been rejected by the time I write this.
This H4 candle will be completely done in around 2 hours from now and will be the last H4 candle before the market close. This candle will be the key candle. If it forms a doji / inverted hammer / evening star, then I think there is a big possibility that gold will have a pullback downside a little bit.
Just take care and have a nice weekend.
GG - 2013.10.26
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