Gold Will Likely Keep Rising

Despite the strong bearish trend Gold tested the support at 1045 twice over and failed to break below that level, forming what appears to be a doubt bottom on the daily time-frame and rising to 1081. From this point on it will either continue rising towards the resistance at 1088, and should it break above that it will probably reach 1100 at the very least, or it will fall and attempt to test the support at 1045 again. Considering the hammer candlestick that has also formed at that level of support on the weekly time-frame, the former possibility is far more likely.