FX.co ★ Short-term Gold analysis.

Gold price is trading around $1,945. Short-term trend remains bullish. Gold price continues to trade above key support trend lines making higher highs and higher lows. However despite Dollar strength, Gold price does not move to new higher highs.

After the huge spike at $1,973, Gold price pulled back towards the support trend line and is now slowly but steadily moving higher. Short-term trend remains bullish and as long as price holds above support at $1,920, bulls will remain in control of the trend. If Gold price fails to hold above the support, we should see a test of $1,900-$1,880 area at least.