Gold has been in an uptrend for ages now. There is no real reason to even consider shorting it, and as such we look at the charts in a very specific way. The $1,410 has held as support, and we have several support areas below it including $1,300, $1,400, $1,375, and $1,410.
Based upon the recent consolidation area, we could see a rise to $1,545 based upon our recent break out of the rectangle pictured.
