Below is my analysis for gold price. As usual, I uses trendline or channel, support and resistance and divergence as the main tool in my trading. All of them are using default indicator that already attached to Metatrader 4. I am still using Metatrader 4, and not yet thinking to upgrade to Metatrader 5.
As we know, gold price already passed its 1400 level in last week. Then the price went down but still in uptrend channel (dotted yellow line on the above chart). I am sure that gold price is in bullish trend, already reverse since June 2013 (the lowest price in 2013).
This bullish trend is might be due to Syrian and Egypt issues that may cause a war in Middle East. Thus, as usual, gold price increase.