FX.co ★ Gold bulls defend $1,900

Gold price back tests broken resistance at $1,900 which is now support. So far price has respected the $1,900 level and the upward sloping support trend line. In order for trend to continue to be bullish price must continue making higher highs and higher lows and eventually break above $1,950.

yesterday's analysis. Gold key resistance remains at $1,950 and bulls must break above it in order to resume the up trend towards $1,980 area which is our next target.