Gold price is trading below $1,900. Short-term trend remains bearish. Earlier today Gold price bounced higher towards $1,907 but bulls seem unable to hold price above $1,900. Price so far made a new lower high and soon we should expect lower lows.
Gold price is vulnerable to a move lower towards the weekly support trend line. This support is found at $1,825 and is rising. Gold's pull back is expected to at least reach $1,850-25 area. A break below this trend line would be a new weekly sell signal. Gold price is breaking below levels last seen in December of 2021. The lower high created last week was an important sign of weakness.
