Spot Gold closed higher on Friday, but off its high for the session. The main trend is still down according to the main swing chart, but the minor swing chart is trending higher. Long-term support is the 200-day moving average at $4210.83. Short-term resistance is the 50-day moving average at $4897.88.

In addition to the 50-day moving average resistance, retracement zone resistance comes in at $4850.68 to $5028.04.

The near-term direction is likely to be determined by trader reaction to the 50-day moving average at $4897.88. A sustained move over this level could create the upside momentum needed to challenge $5028.04. This could be the trigger point for an acceleration into a pair of main tops at $5238.78 and $5419.66.