XAUUSD: Exhaustion Risk into Fresh Record HighGold / U.S. DollarFOREXCOM:XAUUSDpar823Gold is breaking uptrend resistance today with price stretching to fresh record highs. An embedded channel highlights the next technical hurdle at the 300% extension of the 2011 decline at 3666- risk for topside exhaustion / price inflection into this threshold IF reached. Initial support now rests back at 3600 with near-term bullish invalidation raised to 3578- losses should be limited to this threshold IF price is heading higher on this stretch. A topside breach / daily close above channel resistance exposes the 1.618% extension of the May advance at 3782.