Gold price managed to close above weekly support last week, and there are signs that it can move towards $1,120. Gold is headed towards higher highs and higher lows confirming the bullish trend.
Green rectangle - target area
Gold price is trying to break above the short-term Ichimoku cloud resistance at $1,098. As long as the price holds above the lower red line of the bullish channel, bulls are in control of the trend with the most probable target at $1,120.