Gold held firm at resistance on Thursday as it printed a slightly higher high of $3,897 before fading back. A lower daily low of $3,819 was established, essentially confirming a successful test of support at the prior rising channel top, which had previously acted as resistance. Once a former resistance level is reclaimed as support, it reflects the underlying strength of the trend. What happens next, however, may determine whether gold extends higher immediately or pauses for consolidation. A pullback to the 10-Day moving average at $3,784 would represent a normal retracement under current volatility conditions. The ... (full story)