Gold price fell today below $1,700 and tested the 2021 lows at $1,680. Short-term trend remains bearish. The bearish signal was given a couple of days ago when price broke below the key short-term support of $1,790.
Gold price broke below the upward sloping trend line support coming from the 2018 lows. Price is making lower lows and lower highs. Price today reached the $1,680 low but trading around that level was short lived as bulls stepped in and are pushing price higher towards $1,740. As long as price is below $1,835, trend will remain under the control of the bears.
