Gold price remains in a bearish trend as price continues to trade below the Kumo (cloud). Price has made a low just above $1,800 and is now bouncing higher. Gold price is now at $1,830 challenging the short-term resistance by the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Resistance by the kijun-sen is at $1,832.50 and by the tenkan-sen at $1,841. The cloud resistance is at $1,895 and as long as price is below this level, Gold will remain vulnerable.
