Gold edged higher to 1955.14 earlier today and appears to be losing some upside momentum. Nevertheless, there is no clear sign of topping yet. Current rise from 1764.31 is still on track to take on 1965.65 resistance next. Firm break there will pave the way to retest 2075.18 high. The momentum after taking out 1965.65 could reveal the chance of resuming larger up trend.
Though, rejection by 1965.50, followed by break of 1934.12 minor support, would prompt a corrective pull back. Gold might correct towards 1906.74 resistance turned support in this case, before staging another rise.
