Gold price is at $1,769. After the triple bottom around $1,680 and the major Fibonacci support level, bulls stepped in and pushed price higher respecting the key support and June lows. The higher price is moving the more the chances that we are not going to see a move below $1,700 again.
Black line - support trend line
Gold price briefly moved below the black trend line but is now back again above it. The horizontal red support line was so far respected. Could this sharp decline be a trap for bears? If price manages to push above $1,800, then most probably it was.