Gold price is trading around $1,940. Gold price made a low earlier today around $1,929 just above the $1,925 key short-term support.
Despite the new lower lows in price, the RSI is providing bullish divergence signals. This is not a reversal sign but a warning that the down trend is weakening. Gold price has resistance at $1,955. Bulls need to recapture $1,955 in order to reclaim control of the trend. If $1,925 fails to hold, we expect Gold price to move towards $1,900 next.
