Gold price remains in a bullish trend as price is trading again above both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Price showed some signs of weakness but no reversal was confirmed. Trend remains bullish but bulls need to be cautious. Price continues making higher highs and higher lows. Gold could soon produce a higher high towards $1,830 and it is very important to see if the RSI follows or it provides another bearish divergence. Support is key at $1,775 where we find the kijun-sen. A break below this level would be a reversal signal for the short-term trend. Upside potential for Gold is limited. Bulls need to be very cautious.
