Uptrend shape for gold price pattern has formed..gold will hike again to 1800 after one week retracing down…just my analysis  :)

 

By Myra P. Saefong and Virginia Harrison, MarketWatch

SAN FRANCISCO (MarketWatch) — Gold futures climbed Wednesday as uncertainty surrounding Greece’s debt crisis helped position the market for its first gain in four sessions.

In addition, traders awaited the outcome of the Federal Reserve’s policy meeting and a press conference led by Ben Bernanke, chairman of the U.S. central bank.

Metals futures staged a broad-based rally in early dealings. A softer dollar helped encourage buying in metals.

“The shock and uncertainty regarding [Greek] Prime Minister George Papandreou’s call for a referendum on a European Union bailout deal continues to reverberate in international markets leading to a renewed safe-haven bid” for gold, analysts at GoldCore said in a note Wednesday.