Uptrend Remains Intact

• RES 4: $2206.6 - 1.382 proj of the Oct 6 - 27 - Nov 13 price swing
• RES 3: $2200.0 - Round number resistance
• RES 2: $2177.6 - 1.236 proj of the Oct 6 - 27 - Nov 13 price swing
• RES 1: $2135.4 - High Dec 4 and all-time high
• PRICE: $2075.1 @ 07:34 GMT Dec 4
• SUP 1: $2052.03 - High Nov 29
• SUP 2: $2001.5/1968.7 - 20- and 50-day EMA
• SUP 3: $1931.7 - Low Nov 13 and key support
• SUP 4: $1908.3 - Low Oct 16

The trend condition in Gold is bullish. The precious metal spiked sharply higher overnight touching a fresh all-time high of $2135.39. Price has since retraced and is trading closer to the day low, so far. The break higher signals potential for a climb towards 2177.58 next, a Fibonacci projection. The overnight peak of 2135.39 is the bull trigger. A short-term pullback would be considered corrective. Initial support is $2001.5, the 20-day EMA.