FX.co ★ Gold Confirmed Further Growth!

The price of gold stands at 1,883.20 at the time of writing and it seems determined to resume its growth after passing above the resistance area (supply zone) between 1,875 and 1,863 levels.

Gold is traded far above the uptrend line, so the bias is bullish, it could resume its growth. It has moved sideways right after passing above the 1,875 level signaling that the price has confirmed its breakout above this level.

Trading Conclusion!

Staying above 1,875 and jumping above 1,888 immediate high could signal a further growth towards 1,900 psychological level. Breaking and stabilizing above this target could set the stage for a broader growth.