FX.co ★ Gold continues its bullish run

Red line -support

Gold is under pressure once again after Friday. Price has recently made a high at $1,936 and is now trading around $1,922. Price continues to respect the upward sloping red support trend line. The RSI continues to provide bearish divergence signals. Gold price continues making higher highs and higher lows. A pull back at least towards $1,878 is justified. Current price does not offer any opportunity for long or short entry. Traders better be cautious and wait. Gold remains in control by bulls.