Gold target up to $1500-1505. Market structure changing.

Gold manages to hold support structure at $1464 which means that a higher low was made and the recent higher high suggests a change in bull structure. The upside seems to be opening up and the buyers are holding the structure. Buy volume has come in on swings higher. At this point we need to see the channel that we've drawn hold well on the support end and break through the resistance part.
Based on the Fib extension, the target for the upside move is $1500-1503 and for that to happen we need to see a new high occur in the coming week. So that means a move into $1490-95 on good volume then hold another higher low support point around $1480.

The rotations that have occurred at the $1464 support level were expected, based on the 4-hour chart that is where the impulse for the move into a new recent high started. So that is the last chance for the buyers to come in and move price higher.

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