Gold hits new 8-year high as investors move into safety on fears of the second wave of virus

Spot gold extended advance into fourth straight day and hit new highest level in nearly 8 years ($1779) on Thursday.
Growing fears of the second wave of Covid-19 pandemic prompt traders into safety, while talks about new stimulus measures in the US weigh on dollar.
Rally approaches key barriers at $1795/$1800 (Oct 2012 high / psychological) and break here would spark fresh bullish.
Weekly studies show enough room for upside extension, but overbought daily stochastic and fading bullish momentum warn that bulls may run out of steam.
Dip-buying is expected to remain favored while the action stays above rising daily Tenkan-sen ($1741).

Res: 1779; 1790; 1795; 1800
Sup: 1765; 1761; 1752; 1744