Gold price is trading around $1,890 after reaching as high as $1,903. Short-term trend remains bullish after the low of $1,855 three days ago. Gold price remains inside the bullish channel since $1,677.
Blue lines- bullish channel
Gold price has the potential to move towards $1,950-60 as long as it holds above $1,870. Short-term trend is bullish and price already confirmed the lower channel boundary three days ago. Respecting support levels is key for the continuation of the bullish trend we are in. There are some warning signals that the upside might be over or limited, however there is still no trend change confirmation.
