Gold price is still below key short-term resistance at $1,900. Bulls tried to push above $1,920 but were not strong enough. This weakness and inability to break above resistance gives us a trade setup if certain conditions are met.
Green rectangle - support
Gold price has support at $1,878-84 area. A break below this level is expected to bring more sellers and price to be pressured for a move lower. As long as price is below $1,910 and if price breaks below $1,878, then we will be expecting Gold price to fall towards 1st target of $1,850 and second target $1,820.
