Gold precious metal on the 4 Hours Chart has been in an uptrend since 23 April 2019 when it registered the low price at 1266.421. On 26 April 2019, Gold recorded the high price of 1288.743. Applying Oscillator Analysis on the price chart, one can notice that price is trading above the SMA 60 period Moving Average line, a fact that confirms the upward direction of Gold. Furthermore, the MACD (Moving Average/Convergence Divergence) Oscillator is recording values above the zero line which hints to the bullish bias of the financial instrument. Additionally, the RSI (Relative Strength Index) Oscillator registers values above the fifty line which indicates positive sentiment. All three technical indicators are in agreement for the upward bias of the financial instrument. Applying the Fibonacci tool on the price chart, three price targets may be calculated. The first price target is estimated at 1282.79 (161.8%). The second price target is seen at 1292.90 (261.8%). The third price target is projected at 1309.27 (423.6%). The first target was reached successfully. The Gold is currently trading above the uptrend line. The presence of the Long White Body hints for a potential rally to the upside. Of course, supply and demand as well as the crowd sentiment will determine the course of Gold. Although the market is currently following the counter trend direction, this might just be a correction, as long-term trend remains bullish.