Gold price got recently rejected at $1,900. Price is still forming higher highs and higher lows if we see the price action from recent lows at $1,763. If we look price action from the all time highs back in August, price is making lower lows and lower highs. Price has recently made a rejection at the upper channel boundary.
Gold price is trading near $1,880. Price is close to key channel resistance. Bulls need to be very cautious. Support is at $1,850 and next to $1,800. Breaking below each level will push price towards the next. If bulls are unable to hold price at $1,800 we should then expect a move below $1,763 low. Next target could be at $1,714. Resistance is found at $1,900. Recapturing it is key for bulls. Inability to do so will be a sign of weakness,
