Gold is neutral on its 1D technical outlook (RSI = 46.679, MACD = -72.090, ADX = 28.046) as the price sits between its 4H MA200 and 4H MA50 exactly at the top of the 4 month Falling Wedge. As long as it holds, target the -0.118 Fib (TP = 3,915). If the price crosses above the 4H MA200, target the R1 level (TP = 4,200). No long term buying unless the 1D MA50 breaks.
See how our prior idea has worked out:

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