FX.co ★ Gold breaks short-term resistance

As expected by our latest analysis, Gold has formed a higher low between $1,790 and $1,780 and is now moving higher. Price today has broken above the short-term resistance and is now trading close to $1,830.

Gold price is moving higher. Price is expected to move towards $1,880 where we find the 100% extension of the first upward move. Gold price is in bullish trend. Confirmation of our $1,880 will come once price breaks above the recent high of $1,833, Support remains key at $1,790. Bulls do not want to see this level broken. We remain bullish Gold.