FX.co ★ Gold bulls hold above $1,850

Gold bulls hold above $1,850

Gold bulls are defending the key pivot level of $1,850. Price has pulled back towards the trend line support. Staying above it will increase chances of a new upward move that could bring price towards $1,905.

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Gold bulls hold above $1,850

Red line - support

Blue line - bullish divergence

Blue rectangle - blue target

Gold price is challenging short-term support. We believe there are more chances of an upward move than a break below $1,850-40 support area. Our target remains for the short-term at $1,900. Breaking below support will open the way for a move below $1,800.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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